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  • Campbell Paterson

Increased Data Related Regulatory Action

The FCA this morning announced a large £64m/$85m fine for AML failings at HSBC and cited that the bank “did not check the accuracy and completeness of data in monitoring systems”.


There is increasing levels of regulatory investigation and action where key business processes are failing due to basic data management disciplines such as data quality management, data governance and metadata management. The level of regulatory investigation is likely to accelerate and intensify during 2022 and CDO’s must be prepared to actively address the challenge.


Quaylogic can help you rapidly build your organisation's data capability to execute effective regulatory compliance and manage and control data as a risk.

Contact us now on info@quaylogic.com or contact the author: Campbell Paterson (Quaylogic Data Management Expert) campbell.paterson@quaylogic.com




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