|
|
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its Data Strategy for 2023-2028.
Verena Ross, Chair, said:
“I am pleased to present our new Data Strategy through which ESMA will strengthen its role both as a supervisor and as a data and information hub in the EU.’’
“We want to contribute to reducing the compliance burden for companies and facilitate data reporting by means of increased standardisation and the use of modern IT solutions across the reporting process and the entire data lifecycle.’’
“Our goal is to provide easier access to financial data, both through enhanced data sharing with authorities across the EU and at national level. Initiatives such as ESAP will provide access to financial data to the wider market, including retail investors.”
Objectives of ESMA’s Data Strategy
Over the next five years, ESMA intends to:
Become an enhanced data hub – Bolster ESMA as EU securities markets data hub, focusing on improved data and information accessibility, interoperability and usability, and achieving synergies and economies of scale;
Ensure access to data of public interest – Contribute to providing easily accessible and usable information to the market participants, including to retail investors, in machine readable formats and via user-friendly search and analytical interfaces;
Promote data-driven supervision – Enable cutting-edge, smart and effective data-driven supervision by joint developments and use of novel technologies;...
more at ESMA