FCA’s Gabriel Platform to be Replaced

The FCA has announced plans to replace its data collection system, Gabriel, and improve the way regulatory data is collected from firms.

These plans are currently at a very early stage and no action is required of firms. However, the FCA has released a survey for any users of Gabriel and will publish the feedback received later in the year.

Improving data collection is part of the regulator’s Data Strategy, aiming to use technology to make regulatory reporting requirements easier for firms.

The FCA has stated that they want the new system to be easy-to-use and that “early changes to our platform will be technology focused, so initially there will be no change to the way [users] currently provide data to us.”

Click here if you wish to complete the survey. Updates will follow later in the year, along with events aimed at testing and shaping the new system.

About the author

Ash was Managing Director at RWA from 2018. He had over 15 years’ experience in the legal and compliance field and ten years in broker sales and leadership roles in national and global insurance firms. Sadly, Ash passed away suddenly in August 2021. 

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