Fractal markets hypothesis and General Data Protection Regulation: Difference between pages

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imported>Doug Williamson
(Link with ICO's detailed guidance.)
 
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(FMH).
''European Union''


The fractal markets hypothesis is an evolving model of investor and market behaviour which identifies repeating patterns in market prices and conditions.
(GDPR).


The FMH may explain why extreme negative (and positive) outturns are observed more frequently in real financial markets than predicted by simpler efficient market models.
The General Data Protection Regulation 2016/679 of the EU relating to:
*The rights of individuals to privacy.
*Obligations on businesses to avoid infringing personal privacy.
*Substantial fines on businesses which fail to meet their obligations.




Under the FMH, a key contributory factor is the difference in investment time horizons between different classes of market participants.
<span style="color:#4B0082">'''''A third of UK banks cancel GDPR preparations'''''</span>


:A third of businesses in the UK banking sector have halted preparations to comply with the EU General Data Protection Regulation (GDPR), in the mistaken belief that it will not apply after Brexit.


If the FMH is borne out in practice, then real financial markets are significantly less stable than predicted and described by more traditional market models.
:... However, Crown Records Management's director of information management John Culkin said it was important that firms don’t delay preparations further, since the regulations will apply to all businesses that handle data relating to European citizens.  


:“The reality is we are likely to continue to see stringent data protection in an independent UK, rather than a watered-down version,” he said.
:''The Treasurer magazine, May 2017, p7''




== See also ==
== See also ==
*[[Big data]]
*[[Brexit]]
*[[ICO]]
*[[Operational risk]]


*  [[Efficient market hypothesis]]
===External link===
*  [[Behavioural economics]]
*  [[Market risk]]


[[Category:Corporate_financial_management]]
*[https://ico.org.uk/for-organisations/guide-to-the-general-data-protection-regulation-gdpr/ ICO's guidance on GDPR]
[[Category:Financial_risk_management]]

Revision as of 09:33, 4 June 2018

European Union

(GDPR).

The General Data Protection Regulation 2016/679 of the EU relating to:

  • The rights of individuals to privacy.
  • Obligations on businesses to avoid infringing personal privacy.
  • Substantial fines on businesses which fail to meet their obligations.


A third of UK banks cancel GDPR preparations

A third of businesses in the UK banking sector have halted preparations to comply with the EU General Data Protection Regulation (GDPR), in the mistaken belief that it will not apply after Brexit.
... However, Crown Records Management's director of information management John Culkin said it was important that firms don’t delay preparations further, since the regulations will apply to all businesses that handle data relating to European citizens.
“The reality is we are likely to continue to see stringent data protection in an independent UK, rather than a watered-down version,” he said.
The Treasurer magazine, May 2017, p7


See also


External link

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