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FCA Working on New Data Analytics Program

September 11, 2019 / Joanna Wright

The Financial Conduct Authority (FCA) is turning to the cloud and advanced analytics in tandem with the industry it governs, which may ultimately reduce the cost of regulatory reporting, said Steven Green, head of the FCAs central data services, innovation, strategy, and competition division.As financial services firms adopt technologies like cloud computing, regulators are trying to evolve along with them, moving from a focus on control over data to one that looks at ways to exploit the data