EBA unveils implementation plan for data point model 2.0
At the start of June the European Banking Authority (EBA) announced its plan for implementing the Data Point Model (DPM) 2.0 as part of its Reporting Release 4.0 framework. This important initiative helps progress towards more integrated regulatory reporting, and is aimed at enhancing data granularity and improving data management practices.
The transition to DPM 2.0 follows the introduction of a new DPM data dictionary format in 2023. Set to roll out in 2024, the updated model promises several key benefits: better integration, improved versioning of data definitions, and clearer data relationships. To ensure a smooth transition, the EBA has established a transitional period extending to December 2025, during which both the old and new models will be operational. The new semantic glossary and technical documentation will accompany the framework release 4.0, providing comprehensive support for reporting institutions.
The final technical package for Release 4.0 is expected in December 2024, with a preliminary version available by October 2024. By December 2025, the EBA will fully transition to the xBRL-CSV reporting format, phasing out the old DPM and glossary.
For more details on the DPM 2.0 implementation plan and to access related resources, visit the EBA website here.
