Banks operating in Lithuania have now started to provide supervisory information to REGATA, a digital state-of-the-art reporting system. It will reduce the administrative burden on financial market participants and enable more efficient data management. 

REGATA is part of the Data Management Programme (DAMAMA) implemented by the Bank of Lithuania. It is a next-generation technological platform designed for collecting and processing regulatory reporting information provided by financial market participants.

It will allow the national bank to collect reports from financial market participants and manage data more effectively. REGATA will allow financial market participants to optimize the reporting and data collection process by submitting data through both the portal and the application programming interface (API). In addition, financial market participants are now able to connect to the system through the E-Government Gateway, which was not possible before.

REGATA was developed jointly by the Bank of Lithuania and the world-renowned company Regnology. It will replace the two existing reporting systems, thus reducing the administrative burden.

The Bank of Lithuania is implementing a data governance strategy. The solutions will facilitate the processes of data collection, storage, analysis, aggregation, and reporting to interested institutions and bodies to the maximum extent possible. Data will be stored on a common data platform and made available in real time. This will enable the convenient generation of relevant reports or data sets at a chosen level of detail.

The objectives of the program are planned to be achieved gradually by mid-2025.