FCA announced that the new data collection platform RegData has replaced GABRIEL, with completion of the move of all of the 52,000 firms and 120,000 users from GABRIEL to RegData. RegData is central to the regulator's Data Strategy, which will harness the power of data and advanced analytics to transform financial regulation. FCA has now updated the frequently asked questions (FAQs) on all the data items on RegData.
RegData is informed by user feedback and is faster to navigate and easier to use. Building on feedback from firms and other GABRIEL users, RegData features a number of enhancements across key areas. FCA has published a range of short user guides and explainer videos to guide users through the full suite of functionality in the new platform. New technical packs are also available for firms that require alternative submission methods such as the Direct Submission Gateway and the Secure File Transfer Protocol. The changes made to the platform are technology-focused, but hav not changed the way firms currently provide data to FCA; data items and relevant forms have also not changed as a result of the move from GABRIEL to RegData. RegData is built with flexible technology, making it possible to fix issues quickly and to make ongoing improvements to user experience.
Keywords: Europe, UK, Banking, Insurance, Securities, RegData, Gabriel, Reporting, Data Collection, FCA
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
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