DRR documentation
The Digital Regulatory Reporting (DRRDRR Digital Regulatory Reporting. An industry‑developed, machine‑executable interpretation of regulatory rules that produces consistent, transparent and fully traceable reporting outputs from standardised CDM data.) programme is an open-access, cross-industry initiative to transform regulatory reporting from a painful chore into a streamlined, repeatable, and efficient process, reducing time, resources, and cost.
Built by extending the FINOSFINOS Fintech Open Source Foundation. A nonprofit organization that brings together the global financial services industry to collaboratively build open‑source software, standards, and best practices. Common Domain Model (CDMCDM Common Domain Model. A standardised, machine-readable and machine-executable blueprint for how financial products are traded and managed across the transaction lifecycle. It is represented as a domain model and distributed in open source.), complex regulatory text is converted into transparent, testable, and reusable logic through industry interpretation and collaboration. It providesIDE Integrated Development Environment. A software application that brings together all the essential tools a developer needs to write, test and debug code in one unified workspace. the industry with an open-access, functional expression of the reporting rules that act as a common foundation and frees people from the grind of decoding rules so they can focus on actual business, not bureaucracy.
At its core, DRRDRR Digital Regulatory Reporting. An industry‑developed, machine‑executable interpretation of regulatory rules that produces consistent, transparent and fully traceable reporting outputs from standardised CDM data. brings together firms and SMEs to interpret the reporting requirements for each regime, and convert these requirements into unambiguous, machine-executable code. Using this mutualized industry interpretation of reporting rules, anyone can reuse the logic to generate regulatory reports in the required formats. By expressing these rules in a standardised, executable form, it enables firms, vendors, and regulators to align on a single, authoritative interpretation of reporting requirements.
DRRDRR Digital Regulatory Reporting. An industry‑developed, machine‑executable interpretation of regulatory rules that produces consistent, transparent and fully traceable reporting outputs from standardised CDM data. can reduce implementation cost, improve reporting accuracy, and increase transparency across the entire regulatory reporting chain. It supports global jurisdictions, providesIDE Integrated Development Environment. A software application that brings together all the essential tools a developer needs to write, test and debug code in one unified workspace. a shared data and process model, and allows firms to test, validate, and evolve reporting logic collaboratively. With DRRDRR Digital Regulatory Reporting. An industry‑developed, machine‑executable interpretation of regulatory rules that produces consistent, transparent and fully traceable reporting outputs from standardised CDM data., reporting becomes more predictable, more consistent, and easier to maintain as regulations change.
This documentation will guide you through the process from understanding the model, to running the services, to contributing to the future of DRRDRR Digital Regulatory Reporting. An industry‑developed, machine‑executable interpretation of regulatory rules that produces consistent, transparent and fully traceable reporting outputs from standardised CDM data..
What's covered
This documentation offers a general introduction to DRRDRR Digital Regulatory Reporting. An industry‑developed, machine‑executable interpretation of regulatory rules that produces consistent, transparent and fully traceable reporting outputs from standardised CDM data., including background, theory, and best practices. It also includes practical guidance related to DRRDRR Digital Regulatory Reporting. An industry‑developed, machine‑executable interpretation of regulatory rules that produces consistent, transparent and fully traceable reporting outputs from standardised CDM data. implementation and management.
What's not covered
This is not a guide to creating models for DRRDRR Digital Regulatory Reporting. An industry‑developed, machine‑executable interpretation of regulatory rules that produces consistent, transparent and fully traceable reporting outputs from standardised CDM data.. Although technical examples are provided, in-depth analysis of code or implementation techniques are not covered. It assumes an understanding of basic coding principles although in-depth development expertise is not required. See the DRR prerequisites.
