5 Key challenges of ECB's reporting changes
European Central Bank (ECB) updates to investment fund statistical reporting is bringing new operational and strategic challenges to European fund administrators in 2025
The new reporting standards demand richer, more granular data. For many firms, consolidating new sources of data from disparate internal systems into existing processes will be a significant hurdle.
An increase from quarterly reporting to monthly reporting greatly increases the cost of any manual inputs to the reporting process.
Updated reporting formats, including a wholesale replacement in Ireland, demand IT system upgrades.
The European fund industry comprises over 50,000 funds, with an average fund size almost 10 times smaller than US mutual funds, leading to higher cost levels by international standards1.
Eliminating offline validation tools will require firms to implement real-time data validation processes to ensure accuracy before submission. The cost of mistakes – both financial and reputational – will rise.
What can Asset & Fund Managers do about it?
Strategic response
required
- Make Regulatory Readiness a Strategic Imperative
33% of asset managers consider regulatory concerns as a significant challenge to implementing new operational strategies. - Create a Collaborative Data Exchange
Fund administrators will need to collaborate more closely with clients to collect, validate, and report data accurately. - Tech Mandate: Adopt to Comply
Firms must adopt advanced data integration, automation, and scalable technology infrastructures to meet the new requirements. - Consider Partnering rather than Building or Buying
Partnering with a trusted one-stop regulatory SaaS provider may be preferred over DIY and multi-point solution approaches.
Many regulation shifts,
one clear choice
To keep up with ECB changes and future global regulations, firms need a future-ready reporting framework that checks the box for:
One clear path is Confluence Omnia...
an end-to-end, automated regulatory reporting platform that can transform compliance challenges into a competitive differentiator.
Learn how Omnia can help your firm meet the ECB’s new MMIF reporting requirements, and adapt to future regulatory shifts.
1 European Securities and Markets Authority (ESMA), "EU funds continue to reduce costs - at low and varying pace", esma.europa.eu, 1.14.25
2 BNY, "The Future of Asset Management - A Trends Report", bny.com, 2024
About Confluence
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