Since the publication of the finalized CRD IV Package in the Official Journal on 27 June 2013, the European Banking Authority (EBA) now has a clear timeline for managing the unenviable task of getting Europe’s 8,300 credit institutions and 32 National Competent Authorities (NCAs) to all ‘speak the same language’.

Europe’s CRD IV regime will substantially increase reporting requirements for banks in Europe, but will also enable firms to report more efficiently in future. At the same time, the overhaul is prompting firms to think about centralising and standardising data, which is also the cue for a rigorous evaluation of the technology used to support firms’ data strategies.