Category Banks

August 6, 2017,  Banks, EU General Data Protection Regulation, European Commission, News, Thought Leadership  No comments

This is a short 5 minute filmed interview produced by Liberum Investment Bank for its clients in London and New York on the Directive 2016/679 (General Data Protection Regulation). Recorded in London in July 2017.

Copyright Liberum Investment Bank 2017.

September 17, 2016,  Banks, EU General Data Protection Regulation, Events  No comments

New entrants to the UK banking sector have just under two years to prepare for the enforcement of the EU General Data Protection Regulation (GDPR). Enforcement will commence on the GDPR Effective Date (25 May 2018).

The 2-year transition period is designed to allow organisations to adapt to the new requirements of the GDPR. Processing of customers’ personal data that’s already underway should be brought into conformity with the GDPR within this 2 year transition period.

Recital 171, GDPR provides:

(1)  Directive 95/46/EC should be repealed by this Regulation...

June 9, 2015,  Banks, Council of Ministers, data protection, EU General Data Protection Regulation, European Commission, European Parliament  No comments

According to Varonis (Nasdaq:VRNS), a leading provider of software solutions for unstructured, human-generated enterprise data, banks will be among the first to be hit with massive fines for falling foul of the EU’s General Data Protection Regulation (GDPR).

In a poll conducted at Cebit – Europe’s largest IT show – the company revealed the level of how unprepared the financial services sector is to life under GDPR. Notably, 50% of all respondents that took part in the survey worked within the European banking sector.

According to Varonis, despite the small sample size of 145 respondents, its survey reflects a much wide degree of how under prepared the financial servic...