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FCA FAQs on CRD IV confirm that data quality is a priority

The Financial Conduct Authority (FCA) has published a new webpage on the fourth Capital Requirements Directive (CRD IV), which answers a number of frequently asked questions (FAQs) about the regime:

  • general questions on CRD IV;
  • FCA reporting;
  • timing of implementation;
  • data quality;
  • using data;
  • EBS reporting;
  • investment firms;
  • common reporting; and
  • financial reporting.

The FCA confirms that the data quality will be used by both national and EU regulators so the quality must be maintained.  The implementing standards apply directly under EU law to firms with the responsibility for senior management sign off on the data remaining in place.

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