The Financial Conduct Authority (FCA) has addressed the criticism it received about its plan to delete emails held in staff inboxes after a year.
In a blog post yesterday (19 February), FCA director of intelligence and digital Ian Phoenix aimed to set the record straight. "First, what we're not doing. We're not deleting evidence. We're not hiding information. We're not reducing transparency," he wrote. "There is no change to our policy of what constitutes a record and how long it should be saved for." Phoenix set out that the regulator is modernising how it manages its records to "make it a more efficient and effective regulator". He continued: "Many of our records are already stored in a secure, shared repository. We want t...
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