TechSprint could 'fundamentally change' approach to regulation - FCA

'Benefit both firms and regulators'

Tom Ellis
clock • 1 min read

November's FCA-led TechSprint could "fundamentally change" how financial services understands, interprets and reports regulatory information, the financial watchdog has said.

Together with the Bank of England, the Financial Conduct Authority (FCA) is exploring how technology can be used to link regulation, compliance procedures and firms' policies and standards with firms' transactional applications and databases. The financial watchdog said success would mean firms would be able to "map their regulatory requirements directly to the data they hold, creating the potential for automated, straight-through-processing of regulatory returns. "This would benefit both firms and regulators," it continued. "For example, the accuracy of data submissions could be impr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

The impact of the Overseas Fund Regime explained

The impact of the Overseas Fund Regime explained

Initially covers UCITS funds issued in most EU and EEA member states

Mark Rendle
clock 18 August 2025 • 3 min read
Viewing Consumer Duty through the vulnerability lens

Viewing Consumer Duty through the vulnerability lens

Clients can be vulnerable in many ways

Mark Sanderson
clock 14 August 2025 • 4 min read
Why the FCA's data request demands more than compliance

Why the FCA's data request demands more than compliance

Shift towards data-driven regulation arrives at a 'pivotal juncture'

Claire Cherrington
clock 31 July 2025 • 4 min read