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With FCA’s interest in anticipated advances in Digital technology there is an expectation that firms will be able to map their regulatory requirements directly to the data that they hold, creating the potential for automated, straight-through-processing of regulatory returns. This would benefit both firms and regulators. For example, the accuracy of data submissions could be improved and their costs reduced, changes to regulatory requirements could be implemented more quickly, and a reduction in compliance costs could lower barriers to entry and promote competition.
In this whitepaper, we look at how cloud enables regulatory requirements and what is our Regulatory Requirement Solution.