What questions will Regulators ask about data?

Given the failure of Financial Regulators to prevent the financial crisis, the pendulum of regulation is expected to swing from a “principles-based, light-touch” regulation, to a more restrictive rules-based philosophy.

Regulatory Requirements Pendulum swinging towards rules based

Regulation across all industries is likely to follow suit, as regulators seek to ensure their industry is not the next to collapse due to a failure to regulate.

Increasingly, regulators will ask questions about the data underpinning the regulatory submissions, and the governance processes applied to that data.

What questions do you believe regulators will ask?