To print this article, all you need is to be registered or login on Mondaq.com. ISDA recommended that global regulators adopt the Common Risk Interchange Format ("CRIF") and Common Domain Model ("CDM") to allow for the standardization and automation of financial reporting. CRIF is a uniform template for holding and reporting risk data. In a white paper, ISDA argued that, as central clearing, margin, trade reporting and revised capital requirements increase, so does the need for greater consistency in reporting. ISDA stated that the adoption by regulators of the CRIF standards and the CDM would be advantageous because they: