In response to the growing call for regulatory simplification, the Digital Payments specialization — led by Mastercard — has initiated a detailed analysis of supervisory reporting obligations imposed on Polish payment institutions. The work, coordinated by attorney-at-law Piotr Glapiński from Dudkowiak & Putyra law firm, resulted in a comprehensive position paper that aims to identify areas where reporting can be optimised without compromising regulatory oversight.
The analysis addresses key concerns raised by industry stakeholders, including:
- Inconsistencies and ambiguities in the legal framework governing reporting obligations,
- Duplication of reporting duties across supervisory authorities,
- Interpretative uncertainties leading to regulatory overreach or inefficiencies.
The document also explores potential improvements such as appointing dedicated supervisory reporting contacts and enabling data reuse across regulatory requirements — solutions that could significantly ease the administrative burden for institutions while maintaining transparency and accountability.
The process of preparing the position paper has highlighted the critical importance and complexity of regulatory reporting in the digital finance sector. It sets the stage for further dialogue on modernising supervisory practices and aligning compliance obligations with the realities of an increasingly digital and data-driven financial ecosystem.
