The Financial Conduct Authority (FCA) in the UK will start automatically deleting emails older than 12 months, sparking worries among staff and campaigners that it could hinder efforts to hold the regulator accountable. The FCA claims the policy reduces legal and reputational risks and improves information retrieval. However, critics express concerns about its impact on Freedom of Information Act requests and potential future investigations.
The UK financial watchdog has decided to start deleting many emails a year after it receives them, raising concerns among staff and campaigners that it could frustrate efforts to hold the regulator to account. The Financial Conduct Authority told staff last week it would start automatically deleting emails that remained in their inbox for more than 12 months unless they were considered important enough to be saved in its data repositories.
Campaigners said the automatic deletion of emails that are not considered important risked hampering probes into the FCA that often rely on historic email exchanges with the regulator.
FINANCIAL REGULATION DATA SECURITY FREEDOM OF INFORMATION ACCOUNTABILITY EMAIL DELETION
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