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DLT-Based Regulatory Reporting - A game changer for the regulatory regime?

Author(s): Daniel Münch, Noah Bellon

Date published: Jan 2020

SUERF Policy Note, Issue No 123
by Daniel Münch and Noah Bellon, BearingPoint


JEL-codes: E42, E51, E59, G18, G28, G32, G38, K22, K24, L51, M40.
Keywords: RegTech, SupTech, Regulatory Compliance, Blockchain, Distributed Ledger Technology, Regulation, Banking Supervision, FinTech, Auditing, Basel III, Digitization.

This policy note outlines a possible approach for a modern regulatory reporting regime and challenges given structures in the regulatory landscape. Based on incumbent regulatory processes, we have developed a concept for a Blockchain/DLT-based reporting regime that could improve micro and macro-prudential banking supervision. We argue that the transformation towards distributed ledger-based reporting might enable financial market regulators to meet their objectives more efficiently and effectively. We further show how our concept embeds regulatory content in smart contracts. These smart contracts may automatically send timely, granular, high-quality, and inter-entity matched information on all financial market transactions to the required parties.

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