JBRC — Vision for the Integrated Reporting System
Tag: S-2026-08-10-jbrc-vision-irs
Type: report
Author(s): Joint Bank Reporting Committee (JBRC)
Date of source: 2026-08-10
Date ingested: 2026-08-21
Authority weight: high — official vision paper of an EBA/ECB committee; a 2026 JBRC work-programme deliverable
Raw file: _raw_sources/S-2026-08-10-jbrc-vision-irs.pdf
What it claims
Sets the target picture for the EU Integrated Reporting System for banks’ statistical, prudential and resolution reporting, built on “define once” (each concept has one unambiguous, overlap-free definition; regulatory integration is part of it) and “report once” (the same data reported only once, redundancy-free).
Four foundational elements: (1) Common data dictionary — currently defined as “a common ‘container’ for metadata”; a JBRC Expert Group on the Common Data Dictionary will be set up in H2 2026 and may revise the definition. (2) Central Data Collection Point (CDCP) — per the EBA feasibility study, a central register of all statistical, prudential and resolution data; supports “report once” without being a precondition; future work covers processing/dissemination, ad-hoc requests, technological sovereignty (possible common European cloud), cost sharing, and counterparty/securities reference data management. (3) Strong governance arrangements — JBRC and DPM Alliance oversee the dictionary, CDCP and other initiatives. (4) Other relevant areas — consistent methodological framework, master data, granularity (multiple levels coexisting; more granularity only where it adds clear net value; granular collection enables reuse and fewer ad-hoc requests), and data sharing among authorities.
Progress cited: DPM Alliance (ECB/EBA/EIOPA, 2024) advancing syntactic integration incl. DPM 2.0 for IReF statistical reporting (implementation approved by the ECB Governing Council, April 2026); BIRD (since 2015) and EUCLID as demonstrations; the JBRC itself, with the Expert Group on Semantic Integration and the Common Data Dictionary expert group, as the governance platform.
Notable quotes
- “‘Define once’ means that each concept used in regulatory reporting has only one definition, and the definitions are unambiguous and free of overlaps and redundancies.” (p.1)
- “‘Report once’ leverages on these definitions and ensures that the same data is reported only once…” (p.1)
- “…a thoughtful design built on the identified three building blocks, including a common data dictionary, a central data collection point and strong governance.” (p.2)
What’s speculative vs. asserted
Asserted: the principles, the three building blocks, achieved milestones (DPM Alliance, BIRD, EUCLID, IReF DPM 2.0 approval). Speculative/forward-looking: revisions of the dictionary and CDCP definitions, CDCP processing/dissemination scope, common European cloud, cost sharing — all flagged as future assessment [speculative — S-2026-08-10-jbrc-vision-irs].
Topics this feeds
- CLM Data Taxonomy Governance — a client glossary should be positioned as the bank-side semantic layer, ready to map to BIRD/IReF and the common data dictionary.
- Joint Bank Reporting Committee — publisher entity.
Open questions raised
- Final definition and scope of the common data dictionary and the CDCP.
- Timeline for the integrated reporting system beyond the 2026 work programme.