US Banking Regulator: We’d Like to Do Away with Quarterly Reports


The US’s Federal Deposit Insurance Corporation (FDIC) is reportedly looking at the possibility of scrapping quarterly call reports in favour of pulling data from the 3,000+ community banks it regulates in close to real-time, in a move that could fundamentally shake-up how the sector reports financial metrics.

The FDIC this week has quietly launched a competition involving 20 data and technology firms to develop a prototype mechanism for reporting and analysing the data, in a move that could point to the possibility of a shift in the 150-year-old approach of

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