Regulatory reporting depends on information collected, processed and validated across multiple systems and processes. When reporting requirements evolve, institutions need to understand not only what has changed, but also how that change affects the data behind their reports. A clear, consistent data foundation can make that process much easier to

For financial institutions, regulatory change rarely affects a single process.A new or amended requirement can influence the data an institution needs, the calculations applied to that data, the validation rules used to check it and the reporting outputs ultimately produced.This is where Regulatory Change Management becomes important: connecting evolving requirements

Financial institutions have spent years managing regulatory reporting through multiple frameworks, templates and submission processes. The same underlying information may be requested for different purposes, creating duplication across data preparation, validation and reporting. ESMA’s work towards a “report once” approach signals a potentially important shift in this model. The principle