GDPR for the Banking Sector
The trend toward increased privacy and personal data protection obligations are expanding globally. The new General Data Protection Regulation EU2016/679 (EU GDPR) that came into force in May 2018 brought substantial changes, as
well as, increased responsibilities to all involved in processing and transferring personal data within the financial sector. GDPR extends the data rights of individuals and requires organisations including banks to develop clear policies and procedures to protect personal data and adopt appropriate technical and organisational measures.
The aim of this seminar is to ensure the participants acquire the knowledge on the requirements of GDPR though emphasis on its practical implications and application in the financial sector.
GDPR is not a destination, rather it is a compliance journey.
The seminar provides a comprehensive understanding on the application of GDPR ’s Principles, terminology and compliance mechanisms and their practical application in the day to day business within the banking environment. Through case studies and real practice applications the participants, upon completion of the training, will be expected to:
- Have a sound understanding of GDPR background and terminology.
- Learn and follow the six data protection principles prescribed by GDPR.
- To recognise special categories of personal data when collecting personal data.
- To have a full understanding of the rights of data subjects, including recognition and handling of data access requests
- To understand the significance and to follow all policies and procedures in relation to the Security of personal data
- To recognise security breaches in order to be able to report them.
- To understand the role of the data protection officer (DPO) and how to communicate.
- To have a sound knowledge in relation to the transfer of personal data.
- To communicate with supervisory authorities.
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