ANACOM

Case study analysis of the use of emerging technologies for regulatory reporting.pdf    
TÍTULO/RESP.:

Case study analysis of the use of emerging technologies for regulatory reporting [documento eletrónico] : report on the use of new technologies in regulatory reporting / Barbora Kudzmanaite...[et al.]

AUTOR(ES):

KUDZMANAITE, Barbora, outro

PUBLICAÇÃO:

Luxembourg: Publications Office of the European Union, 2022

ISBN:

978-92-76-61959-8

NOTAS:

This study was carried out by Wavestone for the ISA2 programme by BRAG and Wavestone
"The report, commissioned by the European Commission (EC) in the frame of the ISA² Programme, explores existing and upcoming applications of emerging technologies and other types of innovative approaches that contribute to reducing the administrative burden on SMEs in the regulatory reporting process at national and European levels. The report follows a case study approach to share the knowledge and experiences of the following actors: A Directorate-General (DG), two European agencies, a Portuguese national competent authority, a Portuguese business, as well as two Finnish initiatives. Based on these experiences, the report provides a set of recommendations that policy, legal and IT experts working in the field of regulatory reporting in the European Commission, agencies and Member States’ administrations/authorities can follow to successfully integrate (emerging)3 technologies into their regulatory reporting process. More specifically, the report analyses how emerging technologies and other innovative approaches support the different actors on the regulatory and/or reporting side, in: - The setting of regulatory reporting requirements in EU legislation; - The collection/acquisition of data required from private players, such as SMEs; - The data processing and reuse; and - The simplification and reduction of the regulatory reporting burden on the European Commission, agencies, national public administrations and reporting entities. The report begins by addressing the need for carrying out the study, by outlining the reasons behind the focus on the potential of (emerging) technologies to reduce the administrative burden on SMEs stemming from the reporting obligations set in the EU legislation. It does so by taking a closer look at the evolution of the regulatory reporting process within the European context, as well as by analysing the cornerstone role of SMEs in the European Commission’s agenda and detailing how using (emerging) technologies may support them in the regulatory reporting process. Then, the report introduces the current state of emerging technologies at use in the regulatory reporting process among public and private sector organisations. More concretely, it identifies the main challenges faced by private sector organisations regarding the regulatory reporting process, as well as their associated needs. Subsequently to the challenges, the report describes two examples of new technologies at use in regulatory reporting, respectively electronic identification (eID) schemes and standardised reporting, to demonstrate how applying emerging technologies in regulatory reporting will likely bring an end to longer, less efficient, less reliable, and less transparent reporting processes across Member States (MS)."

TEMA:

Tecnologias da Informação (TIs)

ASSUNTOS:

Tecnologias-da-InformaçãoDSMDadosProcessamento-de-DadosRegulaçãoInteroperabilidadeInteligência artificialSegurança da informaçãoInovaçãoIoTPequenas-e-Médias-Empresas

DATA PUB.:

2022

TipoReg:

Multimédia

LÍNGUA:

ENG

Monografias