Show Feedback Statement (PDF)

Call for Input (PDF)

In February 2018, we published a Call for Input on how technology could achieve smarter regulatory reporting.

The Call for Input sought feedback on technical aspects of this proof of concept and asked for views on how it could be improved. It also sought feedback on some of the broader issues associated with the development and potential implementation of the proof of concept.

In this Feedback Statement, we:

summarise the feedback we received from the Call for Input

set out our response to the feedback received

explain our next steps

Who this applies to

This Feedback Statement will be applicable to:

regulated firms

RegTech (technology that helps meet regulatory requirements) firms

FinTech (technology that helps deliver financial services) firms

technology and software providers

professional services providers

academics with interests in technology and financial regulation

financial services regulators

​​​​​​Next steps

We are currently working with the Bank of England and six financial institutions on a pilot to build on the ‘proof of concept’. The pilot participants published a report in March 2019 that provides an overview of the work and findings so far. A second phase of the pilot is currently underway. This stage aims to identify which regulatory reports are appropriate for a DRR solution, whether there is value in investing in DRR, how best to create machine executable regulation and if and how to efficiently standardise firm data.