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A&O has welcomed the Digital Regulatory Reporting pilot project into its tech innovation space, Fuse

 

​12 October 2018


As part of the Digital Regulatory Reporting pilot, the FCA and Bank of England are looking at how technology could potentially improve the efficiency of the current regulatory reporting process.

The pilot is investigating the feasibility of codifying some requirements to make them machine readable and machine executable, potentially making the legal terminology used today easier for humans and machines to understand.

The Digital Regulatory Reporting pilot project team includes representatives from Bank of England, FCA and several financial institutions. Together, they will be working in Fuse to consolidate the ideas currently being developed.
 
Shruti Ajitsaria, Head of Fuse, commented: “We are looking forward to welcoming the FCA and the Bank of England in to Fuse, so we can gain a deeper understanding of this innovative pilot. Fuse was created to give our lawyers and clients opportunities to touch, feel, and better understand the use of technology. Both A&O’s regulatory practice and our new consulting business look forward to building on our knowledge in this way”.
 
The Digital Regulatory Reporting pilot team will join Fuse on 15 October.
 

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