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 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:
All of these questions, and more, will be answered, within a systematic framework allowing delegates to apply the principles to a range of new issues and questions as they arise. Practical examples will be considered and delegates will be given guidance on actions they may need to taken when they are back in the office.
- what should we say about data protection in our terms and conditions?
- can we disclose client information to a foreign regulator?
- can we back up our client / employee systems to New York / India / Poland?
- how do we deal with data protection issues when our 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?
- what steps should we take if we lose a laptop full of client information?
- client information - what can we do with it and how can we achieve maximum flexibility?
There will be ample opportunity to raise and discuss data protection issues arising in the course of your work.