Featured Product

    FCA Announces Enhancements to New Data Collection Platform RegData

    November 24, 2020

    FCA announced initial enhancements to the new data collection platform RegData, which is slated to replace the existing platform known as GABRIEL. The enhancements are for functionality that relates to accessing the system, viewing reporting schedules, and submitting data. These enhancements are based on feedback received from the users of GABRIEL platform.

     FCA has produced a series of individual explainer videos and user guides for each aspect of the functionality in RegData. The following are the key noteworthy enhancements in RegData platform, as outlined by FCA: 

    • With respect to enhancements in accessing the system, FCA informs that RegData will be faster and will make it easier to navigate and complete submissions due to user journey improvements. Going forward, finding information within RegData and on the FCA website is expected to easier. The new system also features improved messaging and signposting. Users will use the same username and password for Connect and RegData. Firms must enable this by logging into GABRIEL and completing a short one-time registration ahead of their move, unless already completed.  
    • With respect to viewing of reporting schedules, a firm will have improved navigation and functionality, with messages that make it clearer when data items are due and overdue. The schedule automatically brings overdue items to the top of the page and the system allows users to expand or collapse details for each item. Furthermore, users can sort draft and past submissions by date and status. 
    • Data submission issues will be easier to identify, particularly on a user’s schedule and in a form. With the improved validation features, the new platform validates data as it is entered into the field. FCA also included guidelines in each field and across the form to clarify the data expectations, including those regarding currencies, types of files, entry type (numbers or text), and status of form (for example, draft). In the new platform, layout for forms is clearer, with improved navigation using features such as the ability to zoom in and out on tables. Data being input will also be automatically saved every two minutes.

    FCA also explained that it is moving firms and their users to RegData in groups to minimize impact on firms. The moving dates of firms are determined by their reporting requirements. All users must register for RegData ahead of their move by logging in to GABRIEL and completing the one-time registration, when prompted. Until the users are moved, firms should continue reporting via GABRIEL using the existing GABRIEL login details.


    Related Links

    Keywords: Europe, UK, Banking, Insurance, Securities, Gabriel, Data Collection Platform, Reporting, RegData, FCA

    Featured Experts
    Related Articles

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News

    ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite

    The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.

    December 22, 2022 WebPage Regulatory News

    FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates

    The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.

    December 20, 2022 WebPage Regulatory News

    FSB Reports Assess NBFI Sector and Progress on LIBOR Transition

    The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.

    December 20, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8697