In an article published by Global Banking & Finance Review, The DPO Centre’s CEO, Rob Masson shares his opinion on the potential implications that the new “Data: a new direction” bill may have on the financial services sector.
Rob comments “The Data Reform Bill will essentially replace the UK GDPR, a pivotal piece of EU legislation for the financial services industry, and one that caused great upheaval when it was introduced in 2018…Whilst there are areas where the GDPR can be improved, there are concerns that a departure from the key principles of GDPR will mean a significant operational and compliance burden for the financial services industry.”
You can read the full article here.