Recently, here we wrote about changes to the Data Point Model (DPM) 3.2 and validation rules which the European Banking Authority (EBA) introduced with two of three phases of the Implementing Technical Standards (ITS) for DPM.
Updated timeline for DPM 3.2
On September 26, 2022, EBA revised and updated the timeline for DPM 3.2. Some of the modules (ALM, COREP OF, AE, GSII) are postponed until the 2nd quarter of 2023. Detailed information, as well as other delays in DPM, can be found on the EBA website.
Precisely, introduced amendments impact the reporting of credit institutions, investment firms, fund management companies and authorised alternative fund managers.
Responding to constant regulatory reporting changes can be challenging. With “agile” in mind, the best strategy is to rely on tool that can be quickly updated to comply with the latest requirements and efficiently validate data.
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