ESMA calls for evidence on streamlining financial transaction reporting
23 June 2025 Europe
Image: stock.adobe.com/Timon
The European 糖心vlog and Markets Authority (ESMA), the EU鈥檚 financial markets regulator, has issued a call for evidence for feedback on opportunities to simplify, better integrate and streamline supervisory reporting.
ESMA hopes to enhance efficiency and reduce costs as well as maintain strong levels of transparency and oversight from the authorities.
They are hoping for input on eliminating overlaps without any change to the current reporting channels and creating a unified reporting template based on the 鈥榬eport once鈥� principle to replace multiple reporting frameworks.
Verena Ross, ESMA鈥檚 Chair, says: 鈥淓SMA is launching today a call for evidence to identify ways to rationalise data flows, harmonise processes and eliminate duplicative or inconsistent requirements.
鈥淭he time is right to look at reporting frameworks in a more comprehensive manner and present options to achieve simplification and burden reduction. The goal is to reduce complexity and costs for stakeholders while enhancing data quality, sharing and usability.鈥�
ESMA hopes to enhance efficiency and reduce costs as well as maintain strong levels of transparency and oversight from the authorities.
They are hoping for input on eliminating overlaps without any change to the current reporting channels and creating a unified reporting template based on the 鈥榬eport once鈥� principle to replace multiple reporting frameworks.
Verena Ross, ESMA鈥檚 Chair, says: 鈥淓SMA is launching today a call for evidence to identify ways to rationalise data flows, harmonise processes and eliminate duplicative or inconsistent requirements.
鈥淭he time is right to look at reporting frameworks in a more comprehensive manner and present options to achieve simplification and burden reduction. The goal is to reduce complexity and costs for stakeholders while enhancing data quality, sharing and usability.鈥�
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