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Non-banks must be ready to provide more data, UK financial watchdog says

( July 2, 2025, 15:34 GMT | Official Statement) -- MLex Summary: Non-Bank Financial Institutions must be ready to provide more data to the Financial Conduct Authority, as the UK watchdog increases its scrutiny of private markets. "We need data to do our job. Firms need to be prepared to report to us, and to invest in their data infrastructure, so that it can be submitted to us in ways that are timely and consistent," deputy FCA chief Sarah Pritchard said today at an event in London. UK financial watchdogs, including the Prudential Regulation Authority, and lawmakers have begun scrutinizing private markets more closely, given their increasing economic significance.Speech is attached....

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