In their struggle to modernise trade reporting, financial authorities are looking to an unexpected source for inspiration: Austria.
Here, the central bank and the country’s main lenders have created a centralised “reporting factory” called AuRep. Banks upload raw but standardised data to the platform, which auto-generates statistical, financial stability and supervisory reports to the regulator.
It’s a scheme that the Bank of England and European Central Bank, among others, are keen to
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