UK Watchdog to Collect More Non-Bank Data Amid Leverage Concerns

The UK’s Financial Conduct Authority will look to collect more data from non-bank players like pension funds, insurers and hedge funds as it seeks to better monitor leverage in the financial system and align with international regulators to spot potential issues.

The FCA has already been evaluating what data it needs from non-bank players and has begun switching off regulatory reporting that is no longer relevant, according to Sarah Pritchard, the FCA’s deputy chief executive. The watchdog is now weighing what metrics would be most useful for it to collect going forward.