FCA Delays Data Rule Review To Make Way For Brexit
Law360, London (September 10, 2019, 7:55 PM BST) -- Britain's financial services watchdog has paused its review of how technological advancements in the use of data will affect wholesale markets, saying banks and other financial firms should focus all their energy on preparing for Brexit.
The Financial Conduct Authority planned to issue a formal call for input in the second quarter of 2019 asking companies to give it insight into how they use and analyze market data as technology advances.
But with Britain's exit from the European Union drawing nearer, the watchdog said it would shelve the probe to allow companies to focus on preparing for the still uncertain withdrawal,...
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