Data Protection in Financial Services
Courses take place in:
Banks, insurance companies, brokers and other financial institutions face data protection issues in the context of a unique set of business, risk-management and regulatory requirements. Regulatory, client confidentiality and data protection rules often seem to require different things.
This training course, which includes instruction on the provisions of the upcoming EU General Data Protection Regulation, looks at the data protection issues facing financial institutions and the steps that can be taken to address them in the context of all applicable rules. It applies data protection requirements to the real-life circumstances of financial institutions and steers a course through the related regulatory, employment law and other issues, including:
- what should we say about data protection in our terms and conditions?
- can we disclose client information to a foreign regulator?
- what rules so we need to follow in backing up our client / employee systems abroad?
- how do we deal with data protection issues when regulators require us to process data - whistleblower hotlines, email monitoring, background checking, internal investigations, etc.?
- how do we justify collecting sensitive personal data when we clearly need to but where we are unable to get consent?
- how can we ensure that allowing home working will not breach data security requirements?
- what are the relevant factors in determining whether companies that provide services for us are controllers or processors?
- what can we do with client information as regards marketing?
It is recommended that delegates attending this session have a basic level of knowledge of current data protection legal requirements. Delegates with no existing knowledge may find it helpful to attend Data Protection Essential Knowledge Level 1 before attending this training course.