We will give supervised institutions effective collaboration and reporting tools
Last published: 11 October 2023
Chapter overview
We will give supervised institutions effective collaboration and reporting tools
Extensive reporting requirements, new legislation and increasing amounts of data place great demands on reporting and collaboration tools. For the supervised entities, the tools shall provide a good overview of their own reporting and ensure effective interaction with Finanstilsynet. Finanstilsynet will avoid double reporting by reusing its own data and use available data, for example from public registers and a common ecosystem. The use of machine-to-machine reporting and access to real-time data will be considered within the framework set out in pan-European legislation.
Good solutions for reporting and collaboration will result in lower costs for the industry and Finanstilsynet through more streamlined reporting and a better overview.
Foreword
Finanstilsynet's strategy for 2023–2026 defines important parameters for its digitalisation process. Finanstilsynet’s main goal is to promote financial stability and well-functioning markets. This requires that supervisory activities are data-driven, risk-based and efficient.
Digitalisation principles
A transparent and consistent IT architecture is a prerequisite for stable services and digital innovation.