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Changes to FCA's Gabriel reporting system

News article

Publication date:

06 December 2019

Last updated:

06 December 2019

Author(s):

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:

  1. Accessing Gabriel – the feedback focused on the need for improvements to the speed of the system and support when accessing the system.
  2. Viewing the Gabriel reporting schedule – largely related to the need for changes in the layout of the schedules and in viewing previous data submissions.
  3. 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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This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.