TechSprint was a joint initiative of the BIS Innovation Hub (BISIH) and the Saudi G20 Presidency designed to showcase the potential for new innovative technologies to resolve operational problems in the areas of regulatory compliance (RegTech) and supervision (SupTech).
ISDA and REGnosys won the challenge in the regulatory reporting category based on the ISDA Common Domain Model. This distinction is another step in the endorsement of the ISDA CDM model as the worldwide new standard data model in the financial industry.
“We are honored to have the CDM regulatory reporting solution recognized for promoting a more automated and error-free regulatory reporting framework. The CDM will enhance industry compliance by eliminating errors and increasing regulators’capacity to review more accurate data. We believe the CDM standard will provide enormous value to market participants and regulators alike,” said Scott O’Malia, Chief Executive of ISDA.cross the industry.