While there is still a long legislative journey ahead, the direction of travel is now much clearer.
The report sets out an ambitious vision: reducing unnecessary duplication, strengthening reporting governance, improving data quality, and moving towards a more integrated reporting framework. There are still many details to be worked through, but firms now have a much better understanding of where future investment is likely to be needed.
For many organisations, this marks the end of a period of uncertainty. The focus can now shift from waiting to planning.
@deltaconX, we welcome ESMA’s emphasis on standardisation, stronger control frameworks and demonstrable governance. These are principles we have built into our platform from the outset.
For years, we’ve invested in technology that provides robust workflow, validation, exception management, auditability, and reporting controls across multiple regulatory regimes. Today, our platform supports hundreds of firms in meeting their reporting obligations with confidence and transparency.
The road ahead will require change, and with this inevitably comes implementation risk. Whether you’re relying on in-house processes, legacy technology, or looking to review your current reporting operating model, now is the time to start preparing.
We believe firms will benefit from collaborating with an experienced partner with a strong, engaged community of peers rather than navigating the transition alone.
If you’d like to discuss what these proposals could mean for your organisation and how to prepare for the next phase of regulatory reporting, we’d be delighted to talk.
