Regulatory necessity: Why data is no longer a 'nice to have'

Client-led, data-driven

clock • 5 min read

Paul Bruns explains why good quality regulatory reporting should keep firms out of the supervisory spotlight

Within its 2021/22 business plan, as part of its data strategy, the Financial Conduct Authority (FCA) committed to become a data-led regulator and to become more innovative, adaptive, and assertive.  This strategy was further supported with the appointment of a chief data, information, and intelligence officer, Jessica Rusu, whose role is to lead the transformation of the FCA's ability to analyse and use the data and intelligence collected to efficiently and effectively oversee the firms it regulates.  The FCA's data-led approach is now a regular feature of its communications with fir...

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