1.0EBFhttps://www.ebf.euEBF welcomes plans by ECB and EBA to step up efforts to make banking industry data reporting more efficientrich600338<blockquote class="wp-embedded-content" data-secret="Qm8tG8YHly"><a href="https://www.ebf.eu/ebf-media-centre/ebf-welcomes-plans-by-ecb-and-eba-to-step-up-efforts-to-make-banking-industry-data-reporting-more-efficient/">EBF welcomes plans by ECB and EBA to step up efforts to make banking industry data reporting more efficient</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.ebf.eu/ebf-media-centre/ebf-welcomes-plans-by-ecb-and-eba-to-step-up-efforts-to-make-banking-industry-data-reporting-more-efficient/embed/#?secret=Qm8tG8YHly" width="600" height="338" title="“EBF welcomes plans by ECB and EBA to step up efforts to make banking industry data reporting more efficient” — EBF" data-secret="Qm8tG8YHly" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://www.ebf.eu/wp-content/uploads/2020/07/wjvnfjnvefd.jpg22511472The EBF welcomes the announcement by the ECB and the EBA regarding the formal establishment of the Joint Bank Reporting Committee (JBRC) that will intensify the joint work towards achieving an integrated and standardized reporting framework in Europe helping to reduce the extensive reporting burden for banks and improving the quality of the data reported to the authorities. The JBRC will definitively increase integration and coordination between authorities to also help promoting a clear and common understanding of reporting requirements as well as improving sharing and reusing of data among authorities.