Widening horizons for Data Point Modelling

Tutorial restricted to Regulators Only

Although Data Point Model methodology is well recognized among National and European Competent Authorities, its potential is not yet fully exploited. In most cases, it is applied to describe single European reporting frameworks or to extend it for the local needs. There is, however, a number of pilot projects with a potential to widen the horizons of the application of DPM methodology. These are in particular:

  • shared data dictionaries between a number of reporting frameworks
  • inside a single organization (e.g. SDD project of ECB, Single Dictionary Project of BdE, etc.),
  • across different organizations (e.g. ECB Add-on for Solvency II, Liability Data of SRB, etc.),
  • BI analysis driven by a DPM (e.g. DPM based analytics of EBA, Network analysis),
  • identification of reporting obligation gaps and overlaps between different reporting frameworks (e.g. bottom-up analysis in M4FDS project of DG FISMA).

This half-day workshop is aimed at providing both the business and the IT experts from the supervisory authorities the in-depth knowledge on comprehensive use of the DPM methodology. The workshop will start with an comprehensive introduction to the methodology which would be beneficial for the newcomers as wells as participants already familiar with the basic DPM concepts (domain, dimension, ordinate, etc.) and its major implementations (CRD4/CRR DPM or Solvency II DPM). The workshop will cover not only the conceptual data modelling part, but will also prepare users practically with hands-on exercises. A number of available tools enabling DPM modelling will be presented (including open-source solutions).

Michal Skopowski, dr Marek Wlodarczak
Michal Skopowski has been actively researching the financial regulations and supervision around the world for more than 10 years. His experience contributed to introduction of the new approaches to defining the financial data models (he is one of the authors of the Data Point Model methodology) or methods to identify and describe reporting obligations gaps and overlaps across multiple reporting frameworks (Financial Data Standardization Project at the DG FISMA). He contributed to development of numerous European (CRD4/CRR, Solvency II) and local (Bank of Spain, Deutsche Bundesbank, Bank of England, Bank of Ireland) Data Point Models. Marek Wlodarczak has over 6 years’ experience in financial data modeling and XBRL taxonomies development. He participated in number of projects for national supervisory authorities and other organizations interested in metadata governance and efficient financial data reporting mechanisms. He is knowledgeable in application of the Data Point Model methodology for various reporting requirements (statistical, financial, transactional). Recently, he has investigated possibilities of network analysis for the purpose of financial institutions supervision. During his career, Marek assisted in a number of trainings aimed at both IT and business experts extension of knowledge in metadata modelling and data exchange standards.