FCA Working on New Data Analytics Program
The UK regulator has moved much of its data to the cloud and is using more advanced analytics as it seeks to better regulate evolving financial firms.
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 central data services, which is part of the innovation division in strategy and competition at the FCA.
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
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