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ARTICLE · 05 MARCH 2018

UK Financial Conduct Authority Consults On Machine Executable Regulatory Reporting

A&O Shearman
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The FCA is seeking input on using technology to assist firms to meet their regulatory reporting requirements.

United KingdomFinance and Banking

The FCA is seeking input on using technology to assist firms to meet their regulatory reporting requirements. The FCA would like to improve regulatory reporting by firms so that it is more accurate, efficient and consistent, less reliant on human interpretation and quicker for firms to implement changes to the requirements.

As part of its RegTech strategy, the FCA holds regular TechSprint events which are attended by financial services providers, technology companies and financial regulation experts to develop solutions to regulatory challenges. The Call for Input explains the proof of concept for Model Driven Machine Executable Regulatory Reporting which emerged at the November 2017 TechSprint.

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