The General Data Protection Regulation (GDPR) will be enacted on May 25 2018 and promises to revolutionise the way that firms collect, store, process and protect the personal information of customers, clients and employees.
Today sees the publication of set of global principles of good practice in the foreign exchange market.
The new rules aim to prevent companies overpaying tax and to increase the competitiveness of the eurozone.
Research shows that 52% of financial services chief information security officers are focusing on compliance with the upcoming General Data Protection Regulation as an investment priority for the upcoming year.
The latest regulatory summit held in Singapore earlier this month heard that the impact on new rules introduced in other regions of the world will extend to firms in Asia Pacific.
Ahead of the implementation of the new rules next January, institutional investors and brokers are racing to adapt to the changes, reports Greenwich Associates.
The president of BaFin says that proposed changes to regulations “excessively and unnecessarily” burdens the country’s smaller banks.
With numerous industry proofs of concept surrounding the technology, the recent SWIFT Business Forum London considered what happens when the focus moves beyond technical aspects into real world challenges.
A group of 60 companies are stepping up opposition to the European Banking Authority’s plan to outlaw direct access - aka screen scraping - from the Payment Services Directive.
The government announced a restructuring of the island’s US$70bn accumulated debt, which dwarfs the 2013 bankruptcy of Detroit.