The UK FCA expressed some dissatisfaction with regards to the accuracy and reliability of regulatory reporting.
The FCA lists a number of shortcomings and “material findings”, covering areas such as governance and ownership, controls, data and investment in the processes.
This ties up with the presentation we made at a conference held on September 15th on the topic of XBRL / ESEF reporting and the forthcoming addition of ESG data, organised by IRIS Carbon.
Access to the Dear CEO Letter can be found here – https://edu.bankofengland.co.uk/prudential-regulation/letter/2021/september/thematic-findings-on-the-reliability-of-regulatory-returns
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