One year has passed since the General Data Protection Regulation (GDPR) took effect on 25 May 2018. The most challenging piece of EU Regulation in terms of data protection and privacy, it is time to see what the impact of the GDPR has been so far and what lies ahead. The latest GDPR fines show …
The General Data Protection Regulation(GDPR) came into force on 25 May 2018. It is one of the most challenging regulatory initiatives and is going to transform the rules governing data protection and privacy in the European Union and beyond. Like GDPR many other new regulations have increased the pressure on financial institutions where compliance has …
A guide to the EU General Data Protection Regulation and the RegTech application Read More »
The European Securities and Markets Authority (ESMA) has stressed the importance of international cooperation to enforce the General Data Protection Regulation (GDPR). ESMA also highlighted that more needs to be done. The insights on ESMA’s views on Public Interest Derogation under GDPR stem from its response to the Article 29 Working Party (WP29) public consultation …
ESMA publishes views on Public Interest Derogation under GDPR Read More »
The Joint Committee of the European Supervisory Authorities (ESAs) published today its final report on Big Data analysing its impact on consumers and financial firms. Overall, the ESAs have found that while the development of Big Data poses some potential risks to financial services consumers, the benefits of this innovation currently outweigh these. Many of …
European Regulators weigh benefits and risks of Big Data Read More »
In the second part of our guide to the GDPR and the advantages of RegTech, we have looked at aspect of the data subject rights as defined by the new rules. In the third and last part, we will look at the obligations for organizations and tell you about the challenges but also explain the …
GDPR – The Challenges and the Opportunity (Part 3): Organizations' obligation Read More »
Following our general overview of the GDPR, we will now look at Data Subject Rights – the challenges they bring and how to deal with them. DATA SUBJECT RIGHTS – THE CHALLENGE The GDPR strengthens the rights of individuals to be able to fully control their personal data. Those rights will change the daily operation …
GDPR – The Challenges and the Opportunity (Part 2): Data Subject Rights Read More »
In a recent post, we highlighted that for RegTech to fulfil its entire potential, it needs to be something more than an instrument used to simply address isolated regulatory requirements. Take the GDPR, for instance: with the right solution you can achieve comprehensible and trustworthy evidence; the solution should bring transparency on a firm’s compliance …
Whenever talk turns to regulatory initiatives and how RegTech can solve these challenges, it seems that we do not appreciate the real opportunity of RegTech: Transparency about your internal policies, processes and the related datascape. Yes, it may appear to be the only way to get to grips with the constant regulatory change and the …
In less than 12 month the European Union’s new regulation on Data Protection, GDPR, will become applicable. It will have a significant impact on how we collect, store and manage personal data. In this sponsored post by John Karantzis, founder and CEO of iSignthis Ltd, breaks down the new rules and explains what you need …
Breaking down the General Data Protection Regulation Read More »
With the General Data Protection Regulation (GDPR) the European Commission aims to strengthen and unify data protection for individuals within the EU. Its impact is wide reaching and will have a significant impact on how personal data is handled, so it seems strange that seems it hasn’t received the attention of decision makers as it …
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