The Bank and FCA will use the Board to update industry on the strategic direction of TDC and receive feedback.
To work effectively with industry, the Bank and FCA have established an industry engagement structure for the joint transformation programme.
Overview
Since the inception of TDC in July 2021, the Bank, FCA and industry have been working together to identify ways to improve the data collection process. During phase one and two, the programmes discovery and design work was overseen by two committees: the Data Standards Committee and the Reporting Transformation Committee. The industry committees have been central to the work of the programme, making specific recommendations for future work
The programme's future focus is delivering substantial improvements in reporting. The group structures through which industry engage with the programme have been redesigned to reflect this and were stood up from 1 April 2024. The structure comprises of two groups - a TDC Advisory Board and an Industry Data Standards Committee (IDSC). It has been designed to allow for focused discussions that will inform the programme and help to shape future delivery.
For specific projects, the programme will engage with industry through expert working groups. These groups will be established through the TDC Advisory Board when required, Information about working groups will be published to this page as and when they are set up.
More information about each of our Industry Groups can be found below.