UK watchdogs run into security fears
Data security and innovation are always going to be in tension. A new plan to improve regulatory reporting might find itself facing worries over security, Jo says.
In 2019, the Bank of England, working closely with the Financial Conduct Authority, committed to overhauling its clapped-out data policy, admitting that technology and analytics had changed since its adoption in 2013. In early 2020, the central bank put out a discussion paper with some ideas on how it might transform the way it collects data from financial firms; among these multiple suggestions was one that would see the BoE shifting from a “push” to a “pull” model of data collection.
Currentl
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