Changes to FCA's Gabriel reporting system
06 December 2019
06 December 2019
Policy and Public Affairs
The Financial Conduct Authority (FCA) have announced details of their new platform for collecting and storing regulatory data from firms.
Gabriel, the FCA’s main regulatory data collection system, is being replaced with a new online system, as originally announced in July 2019. Since then, the FCA have collected feedback from their online survey regarding proposed changes.
The published feedback in October 2019 highlighted three key areas for improvement:
- Accessing Gabriel – the feedback focused on the need for improvements to the speed of the system and support when accessing the system.
- Viewing the Gabriel reporting schedule – largely related to the need for changes in the layout of the schedules and in viewing previous data submissions.
- Submitting data – included the need for better guidance when making a data submission and advancements to the system’s data validation processes.
Since then, the FCA have held roundtable events in London, Manchester, and Edinburgh, meeting with firms and survey respondents who expressed interest in engaging with them on the new system.
You can watch a video summary of the opinions shared HERE.
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