The International Swaps and Derivatives Association (ISDA) has published a paper with Capgemini setting out industry perspectives on the ISDA Digital Regulatory Reporting (DRR) initiative, based on interviews with firms that have adopted DRR. The paper describes how institutions are implementing DRR and the benefits they report from using it for regulatory reporting. Interviewees cited improved data quality, high trade repository acknowledgement rates, reduced costs and increased efficiency. Firms that adopted DRR for one set of reporting requirements also reported faster implementation of other regimes due to the reusability of DRR code and reporting logic across jurisdictions, reducing duplication of effort and ongoing maintenance costs. ISDA’s DRR uses the Common Domain Model (CDM) to translate an industry-agreed interpretation of each rule set into machine-executable code, and currently covers reporting rules in eight jurisdictions, including EU and UK European Market Infrastructure Regulation requirements and US Commodity Futures Trading Commission requirements, with an intended extension to 12 rule sets across nine jurisdictions.
ISDA 2025-11-10
International Swaps and Derivatives Association publishes Capgemini paper on Digital Regulatory Reporting adoption and reported benefits
The International Swaps and Derivatives Association (ISDA) and Capgemini published a paper on the ISDA Digital Regulatory Reporting (DRR) initiative, highlighting improved data quality, reduced costs, and increased efficiency. The DRR, using the Common Domain Model, facilitates faster implementation by translating rule sets into machine-executable code, currently covering eight jurisdictions with plans to extend to 12 rule sets across nine jurisdictions.