BRUSSELS, 18 February 2019 – European financial services organisations have launched the Financial Data Exchange Templates (FinDatEx) platform to support the development and use of standardised templates to exchange data between European financial sector institutions.
FinDatEx aims to allow EU financial services representatives:
- To interact in order to develop technical templates.
- To coordinate and organise any standardisation work that is carried out by experts from different financial services.
- To help disseminate technical templates to other relevant EU financial services stakeholders.
FinDatEx is comprised of the European Association of Cooperative Banks (EACB), the European Banking Federation (EBF), the European Fund and Asset Management Association (EFAMA), Insurance Europe, the European Savings and Retail Banking Group (ESBG) and the European Structured Investment Products Association (EUSIPA). It is open to other European Associations who want to participate in the new structure.
The joint structure will build on the successful informal collaboration within the European Working Group (EWG). Through the improved governance structure, relevant templates for data reporting between European financial institutions are to be drafted and adopted following a clear and inclusive process.
Ghislain Périssé, who was instrumental in steering the EWG work said: “I welcome the creation of FinDatEx and look forward to contributing to its success and to continue working on the templates in this context”.
The work already initiated on a Solvency II tripartite template (TPT), European PRIIPs templates (EPT and CEPT), a European MiFID template (EMT), and a MiFID feedback template (MFT) will be continued. Other workstreams are also being assessed.
All templates are provided to the industry free of charge and are free of any intellectual property rights.
For more information:
EACB: Marieke van Berkel, Head of Department Retail Banking, Payments, Financial Markets, firstname.lastname@example.org, + 32 2 286 98 47
EBF: Raymond Frenken, Head of Communications, +32 496 52 59 47, email@example.com
EFAMA: Gabriela Diezhandino, Director of Public Policy, +32 2 548 26 52, Gabriela.Diezhandino@efama.org
ESBG: Sebastian Stodulka, Head of Regulatory Affairs, +32 2211 1162, firstname.lastname@example.org
Insurance Europe: Richard Mackillican, Policy advisor, Communications and PR, +32 495 27 81 01, email@example.com
EUSIPA: Thomas Wulf, Secretary General, +32 2 550 3415, firstname.lastname@example.org