Wednesday, 15 February 2017

Reshaping Data Protection for the Future of Financial Services

Our series of Brexit Breakfasts continues next Thursday, 23rd February, 8am-9.30am at Mercers’ Hall, Ironmonger Lane, where we will be joined by Victoria Hewson from the Legatum Institute Special Trade Commission, who will leading on the topic of:

Reshaping Data Protection for the Future of Financial Services

The UK is committed to implementing the General Data Protection Regulation (GDPR) irrespective of Brexit and it will be in force from May 2018.  While it crosses all sectors, it is of particular relevance to the financial sector, with its high internationally connected client-base.  In some ways a welcome modernisation of the law, many people consider the new regulation to be unduly prescriptive and some aspects may be unworkable in a world of globalised data.  Brexit gives the UK the opportunity to re-think data protection law, but we must ensure that data continues to flow, to and from the EU and beyond.

Victoria will be exploring such questions as:

  • Do the advantages of a standardised regulatory framework outweigh the costs of compliance
  • How could data protection law be improved to the benefit of financial service providers and their customers?
  • Could the UK pursue a “safe country” exit mechanism?
  • What is the potential cost to the UK and EU in the event of no deal and how should the UK mitigate the risk?

If you would like to attend please email Tickets are free for members, £25 for non-members.  Chatham House rules apply and the events are not open to the press.

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