On September 13, 2012, the Financial Services Authority (FSA) published a report that set out its interim findings on data quality used by UK firms for the internal model approval process (IMAP).

This report relates to the FSA’s ongoing assessment of whether firms’ data management process complies with the required standards set out in the Solvency II Directive and the draft Level 2 implementing measures. Our report is a short summary of the FSA’s data quality findings.