General Data Protection Regulation

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

• Big data
• Brexit
• Operational risk