Since the financial crisis, the regulatory rulebooks have grown which has seen a rise in the complexity and cost of regulatory reporting. According to the Bank of England’s Future of Finance Report, regulatory reporting costs the UK industry £2.0 - £4.5bn per year, and the full compliance challenge is much greater.

In this session, UK Finance’s Simon Hills will be joined by Angus Moir, Senior Manager, Data collection transformation at the Bank of England, Alex McGill from PA Consulting and Murat Abur, CTO at Suade, to discuss the Digital Regulatory Reporting (DRR) initiative, which is expected to reduce the burden on regulated firms through the use of RegTech.