FSA issues consultation paper on regulatory reporting

The FSA intends to use IIR to monitor and mitigate risk as part of its Advanced Risk Responsive Operating Framework (Arrow). The Authority aims to get rid of unnecessary data still collected by obsolete regulation, which will reduce the overall burden on firms in terms of reporting.

"Firms will benefit from the reduction of duplication through aligning IRR reporting dates with their financial year-ends. We will continue to engage with the industry during the consultation to ensure we end up

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