Strategy reform reveals FCA data drive
The watchdog wants to use automation to deepen understanding of markets but has been warned against developing an over-simplified view of the market.
The Financial Conduct Authority (FCA) has refreshed its data strategy to respond to how firms are using data and also develop its own efficiency.
The regulator’s key aims are to:
review historical data and assess where harm has occurred to learn lessons for the future; improve the way it uses intelligence to better understand harm, and manage it more swiftly; improve its use of predictive analytics by spotting patterns and trends across firms, business models, and sectors, ensuring it canOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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