On 19 February the European Commission unleashed radical new plans to spend billions on a new data strategy which is based on a report from an expert group. Buried in the detail is a clear indication that the forthcoming digital finance strategy in Q3 will be focused on ‘pro-competitive’ regulatory data reporting standards.
Conveniently aligned with MiFID III discussions under a new German presidency, could this EU data strategy be the catalyst we have been looking for to generate machine readable rules with a uniform language to describe transparency requirements across regulations which are aligned by a common dictionary and reported with common standards and mutualised interpretation to a single hub? For the incredulous, please see the list documents below which support this hypothesis below. A summary perspective is here.
For more on MiFID III/ UK plans:
- FCA sectoral view
- MiFID 3 consultation
For more on European data strategies
- ROFIEG report – recommendation 9
- EC Fitness Check results
- ESMA EMIR data assessment
- AMF data assessment
For more information on UK data strategy:
- The FCA’s data strategy
- The Bank of England’s Discussion Paper (DP): Transforming data collection from the UK financial sector
- Digital Regulatory Reporting: Phase 2 Viability Assessment (PDF)
- {Background: Future of Finance report and the Bank of England’s response}
For More Information on Europe’s Data Strategy
Shaping Europe’s digital future – Questions and Answers
Factsheets:
- Shaping Europe’s digital future
- Excellence and Trust in Artificial Intelligence
- The European data strategy
- What is in it for me?
- What is in it for businesses?
- Supporting the green transition
Communication: Shaping Europe’s digital future
Communication: A European strategy for data
White Paper on Artificial Intelligence: a European approach to excellence and trust
Commission Report on safety and liability implications of AI, the Internet of Things and Robotics
New video stockshots on Artificial Intelligence projects