FCA Turns To Tech To Ease Reporting, Compliance Burdens

Law360, London (May 8, 2019, 4:16 PM BST) -- The Financial Conduct Authority said on Wednesday that it is turning to technology to help it review the 500,000 regulatory reports that financial services companies file each year and to ensure the sector consistently complies with its rulebook.

The City watchdog said it is looking at whether innovations such as machine-learning can help reduce its own burden of compliance as well as that being shouldered by banks, insurers and investment companies.

The FCA said it receives approximately 500,000 scheduled reports every year from businesses updating it on their financial health and status, as well as some on an ad-hoc basis, and it must review...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS