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.
Click on the attached PDF to read the full report.
Documents (1) for Industry Perspectives on the ISDA DRR: Unlocking Efficiency, Accuracy and Strategic Value
Latest
Response to EC Call for Evidence on Tax Omnibus
On March 30, ISDA, the International Securities Lending Association and the Association for Financial Markets in Europe responded to the European Commission’s (EC) call for evidence on the tax omnibus. The associations argue that inconsistent interpretation of “beneficial ownership” among...
Managing Risk for Australian Superannuation Funds
Assets managed by the Australian superannuation sector reached A$4.5 trillion in December 2025, equivalent to around 160% of Australia’s GDP. Given its size, the sector has rapidly expanded its global footprint, with the share of offshore investments growing as a...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Next Steps on a Much Improved Basel III Endgame
Publication of the revised Basel III endgame proposal earlier this month marks an important step towards completion of the global capital reforms, giving banks much-needed clarity on the likely calibration of the rules in the US. The new proposal is...