GABRIEL falls into difficulties

GABRIEL - which collects, validates and stores regulatory data - is being rolled out to intermediaries and personal investment firms throughout October and November. This is to ensure that firms are submitting accurate information to the FSA in their RMAR following the canvassing of 200 small firms which revealed a dearth of accurate and up-to-date information. The findings led to several firms being referred to the FSA's enforcement team. At the time of the system's launch, the FSA said: "We take the quality and integrity of the RMAR very seriously. It is one of the most important too...