This report examines how financial institutions are adopting the ISDA Digital Regulatory Reporting (DRR) solution, a standardized and open-access initiative built on the Fintech Open Source Foundation (FINOS) Common Domain Model (CDM). Drawing on insights from structured interviews with industry stakeholders, it highlights how firms are implementing the ISDA DRR to enhance regulatory reporting processes. The ISDA DRR is gaining traction as a transformative approach to regulatory compliance, offering automation, consistency and scalability. Institutions are adopting the ISDA DRR through varied strategies – either by embedding the CDM within upstream systems, integrating it at the post-trade layer or by converting data at the reporting stage. Each approach reflects different operational priorities and levels of investment.

Interviewees reported significant benefits from ISDA DRR adoption, including improved data quality and high trade repository acknowledgement (ACK) rates1, with reported figures of 100% under Monetary Authority of Singapore (MAS) rules and 98.2% for the European Securities and Markets Authority’s (ESMA) European Market Infrastructure Regulation (EMIR) Refit.

Additionally, streamlined operations and reduced ongoing costs of up to 50% were highlighted. The collaborative, open-access nature of the ISDA DRR was frequently cited as a key enabler of code reusability and faster adaptation to regulatory changes. This agility has positioned ISDA DRR adopters to meet evolving compliance demands more efficiently and at scale. As regulatory obligations continue to evolve, the ISDA DRR, powered by the CDM, is emerging not just as a technical upgrade, but as a strategic foundation for resilient and futureproof regulatory reporting.

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