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Uniform data formats are necessary to enable the exchange of reported data regarding credit institutions and investment firms, as part of the operation of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the EU and facilitating a proper functioning of cross-border supervision.
In this respect, a common data dictionary will lead to greater efficiency in and convergence of supervisory practices across Members States, facilitating the supervisory process and allowing supervisors to identify and assess risks consistently across the EU and to compare EU banks in an effective manner.
The final DPM 2.9 version will be updated together with the ITS on supervisory reporting to include the feedback received from the public consultations. The consultation runs until 7 December 2018.
Comments can be sent to the EBA by 7 December 2018.