Asset and wealth managers have begun work on staying GDPR-compliant in efforts to avoid financial penalties and prevent costs from soaring "significantly" as the regulation comes into force.
The General Data Protection Regulation (GDPR), which came into effect on 25 May, aims to modernise data law and give consumers the right to know much more about how their information is used and stored....
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected