Regulatory Alerts2016-06-23
Communication of 22 June 2016 – Revision of the management, representation and transmission methods for supervisory reports
The Bank of Italy issued this communication on 22 June 2016 to revise supervisory reporting methods by transitioning from national matrix-based rules to harmonized European Data Point Model (DPM) and XBRL formats. This shift aims to reduce operational and legal risks for intermediaries and lower costs for cross-border banking groups by aligning primary reporting directly with European standards. The document outlines the phased implementation schedule for new modules, including LCR, funding plans, and prudential reports, while detailing the gradual abrogation of existing national circulars.
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