5 Keys For Financial Firms In EU Data Protection Overhaul

Law360, New York (October 18, 2016, 2:20 PM EDT) -- The way that financial institutions handle the mounds of personal data on European Union citizens that they collect will drastically change in 2018, when the implementation of a sweeping overhaul to the bloc's data protection regime will cause them to reassess how they approach everything from gaining consumer consent to notifying them of data breaches.

The flag of the European Union, reflected in a computer hard drive. After more than four years of negotiations, EU policymakers in May signed off on data protection regulation that will replace the bloc's current patchwork data protection directive with a uniform regime. (Getty) After more...

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