The Bank of Italy collects a large amount of data - statistical, supervisory and resolution - from financial intermediaries. It coordinates the PUMA cooperation initiative, with the main objective of providing support to intermediaries. The paper describes the experience and its role in promoting the adoption of an integrated approach, which is based on a unique extraction of data and on shared processing rules. The initiative is compared with the experiences of other European countries and with different approaches.
The paper describes the growing complexity of the reporting by financial intermediaries. The PUMA project makes it possible to deal effectively with this evolution, within the Bank of Italy's integrated approach. Thanks to its results in terms of improving the quality of data and supporting reporting entities, the PUMA experience constitutes a fundamental benchmark for similar initiatives undertaken at European level.
