HSBC Holdings is facing fresh scrutiny from UK regulators over its data collection practices. The Prudential Regulation Authority has ordered the bank to undergo a review of its data management systems, focusing on areas deemed crucial for risk management in investment banking and trading. This follows a previous warning from the regulator in 2020 concerning deficiencies in HSBC’s risk management practices. The review aims to assess how HSBC plans to address ongoing weaknesses in areas like model risk, risk data quality, traded risk, and credit risk.