Consultation opens on updated DPM 2.1 reporting metamodel
The Data Point Model Alliance has launched a two-month public consultation on enhancements to its DPM 2.1 metamodel. The joint initiative by the EBA, ECB and EIOPA aims to harmonize statistical and supervisory reporting across the European financial sector.
A common language for reporting
The proposed DPM 2.1 metadata model builds on the established Data Point Model standard to support integrated European reporting across regulatory frameworks.
The enhancement introduces improved metadata versioning and extends the metamodel to host logical data models, reducing complexity and lowering compliance costs for institutions.
By facilitating alignment between the EBA's prudential and resolution reporting frameworks and the ESCB Integrated Reporting Framework (IReF), the initiative seeks to establish a consistent, machine-readable approach to financial data.
Alongside the metamodel, the Alliance published dedicated naming conventions to foster unified metadata definitions across banking, insurance, and pensions.
Governance across three authorities
The public consultation remains open for two months, with feedback accepted through September 30, 2026.
Contributions will be published following the consultation period unless confidentiality is requested.
Originally created by the EBA and EIOPA, the DPM framework was updated to Standard 2.0 in June 2023.
In March 2024, the EBA, EIOPA, and ECB formed the DPM Alliance to extend the dictionary to ECB statistical reporting and jointly govern the standard, with the Single Resolution Board participating as an observer.
Smarter reporting demands shared standards
Standardizing reporting across three EU authorities targets a long-standing source of operational inefficiency.
Yet technical metamodel alignment alone cannot solve the problem if regulatory demands remain fragmented.
The actual burden reduction will ultimately hinge on implementation speed by national authorities.