GDPR: Navigating the New Data Protection Regulations
At a time when the world’s financial institutions are grappling with a tumultuous geopolitical climate, they are also preparing to navigate a fresh regulatory landscape carved out by a raft of new directives and legislation.
One of the most prominent pieces of European regulation looming on the horizon that all entities holding personal data must comply with is the General Data Protection Regulation, or GDPR. Aimed at reforming the out-dated EU Data Protection Directive to better protect the public’s personal information, GDPR enters into force on 25 May 2018 and, unlike a directive, does not require enabling legislation to be passed by governments.
Institutions that fail to comply with the wide-reaching regulation risk paying hefty penalties as high as €20 million, or 4 per cent of annual global turnover – whichever is higher. For many businesses, shelling out such colossal fines poses the threat of insolvency, so it is essential that all firms are fully prepared.
Since the first draft of data regulation in 1995, the amount of digitally-stored data has skyrocketed, and, in turn, so has the number of centers storing it. This places more pressure on firms to ensure their data vaults are truly robust to keep the threat of cybercrime and data breaches to an absolute minimum.
This event will bring together investment firms, private banks, lawyers, and technology experts to help wealth managers assess the impact GDPR has on their businesses so they can stay abreast of its onerous regulations while mitigating the risk of blows to their balance sheets.
Topics for discussion will include:
- Digital marketing implications
- Cyber security
- Data enhancement
- GDPR/MiFID conflict
- Cross-border data issues
- Regulatory reporting
Who should attend?
- Chief Executive Officers
- Chief Operating Officers
- Heads of Risks
- Heads of ITs
- Senior Compliance Figures
- Senior Legal Figures
- GDPR implementation Specialists
- Asset/Wealth Management Consultants
Date and TimeDate: Wednesday 17th January • 2018
Time: 8:00 am – 2:00 pm
Group Manager, Policy & Engagement (Private & Third Sector)
Information Commissioner’s Office
Garreth Cameron is the group manager for private and third sector engagement at the Information Commissioner’s Office (ICO). He is responsible for managing the ICO’s strategic relationships with business and industry, and with sectoral regulators, in order to uphold information rights in the public interest and promote data privacy for individuals. Garreth joined the ICO in 2013 following a successful career in local government, and has a keen interest in the legal and policy challenges arising from the emergence of the information society.