The UK Financial Services Authority (FSA) has recently released a paper discussing the feedback it has received from the market with regards to its proposals around the verification of the single customer view (SCV) for deposit taking institutions. The reforms, which are aimed at facilitation a single, consistent, view of an eligible claimant’s aggregate protected deposits with a deposit taker as part of the Financial Services Compensation Scheme (FSCS), will likely result in significant data challenges for financial institutions attempting to aggregate this data.

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