ESMA shows EU regulators’ supervisory practices regarding EMIR data quality improving

Summary:

The European Securities and Markets Authority (ESMA) has published a follow-up report on the peer review of supervisory actions aimed at enhancing the quality of EMIR data. The report highlights improvements in supervisory practices among five National Competent Authorities (NCAs) since the 2019 peer review. The NCAs implemented measures such as data quality dashboards, granular data checks, and increased use of EMIR data in day-to-day supervision. ESMA played a key role in coordinating the provision of data and supervision at the EU level. The report emphasizes that ensuring data quality will remain a priority for the NCAs, who will continue to use appropriate tools to maintain high standards and monitor compliance.