Data driven Financial Risk and Regulatory Reporting (DaDFiR3)

We see a paradigm shift for financial regulation with: - Timeliness, flexibility, transparency, comparability - Improved adaptability to new situations - Realistic systemic analysis - Enhances regulators’ ability to mitigate adverse events This will have an impact on the financial system and society: - Financial institutions: Lower operations costs, better understanding of risks, freeing up resources for strategic tasks - The financial system: More resilient, more efficient - The real economy will profit from a more stable financial system - “Society at large”: Improve financial market transparency & level the playing field between buyers and sellers - Strengthening the role of Switzerland in FinTech - Provides the foundation of a future digital financial infrastructure