FCA Releases Feedback to Online Survey on New Data Collection Platform

The new platform will allow FCA to fix issues quicker and sooner. FCA will also improve the support guidance to make it easier to know where to go for help. The early changes to the platform will be technology focused and initially there will be no change to the way firms currently provide data to FCA. The following are the key highlights of the feedback:

• Accessing Gabriel—The feedback focused on the need for improvements to the speed of the system and support when accessing the system.
• Viewing reporting schedules—The feedback was largely related to the need for changes in the layout of the schedules and in viewing previous data submissions.
• Submitting data—The feedback identified the need for better guidance when making data submission, along with advancements to the data validation processes of the system.

The online survey is still open to feedback and FCA will continue to provide stakeholders with regular updates. GABRIEL, which is the main regulatory data collection system of FCA, facilitates the collection of over 500,000 submissions annually, across 120,000 users and 52,000 firms. 

Related Links

• News Release
• Online Survey

Keywords: Europe, UK, Banking, Securities, Insurance, GABRIEL, Data Collection, Reporting, FCA