On 19 April 2023, the European Securities and Markets Authority (ESMA) published the 2022 report on quality and use of transaction data.

The report highlights the increased use of transaction data by EU financial regulatory authorities in their day-to-day supervision and identifies significant quality improvements following a new approach to data monitoring. In addition, it sets out how ESMA, together with the Member State competent authorities (NCAs), the European Central Bank (ECB) and the European Systemic Risk Board (ESRB), has incorporated key insights from its data monitoring in several internal work streams.

The report concludes that, the joint engagement by ESMA and NCAs on the improvement of the quality of transaction data, as well as input from the ECB and ESRB, have brought tangible and observable benefits to all data users, which in turn have enriched the data quality process with their own findings and observations.

ESMA and the NCAs will continue to work on extending the new monitoring framework beyond EMIR and SFTR in 2023.