The European Central Bank (ECB) and two supervisory agencies have published their agreement on the governance of their “data point model” (DPM).

The agreement, originally signed in March, set up a joint governance framework for the way the three organisations use the DPM. It aims to cut the costs for firms and authorities of reporting supervisory data by creating a common body to streamline procedures.

The ECB, the European Banking Authority (EBA) and the European Insurance and Occupational