Data protection

Recent Articles

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  21.01.2020

  In­sur­ance 2020: In­sur­Tech and the fu­ture of re­tail in­sur­ance

  With Open Banking, the consumer, engaging via an app or website, chooses whether or not to give that app or website permission to access data that is already held by another. If they change their mind, the app or website should make it easy for them to withdraw their consent. The evidence to date is that consumers are already taking up Open Banking products and services. We are seeing many regulated apps and service providers bringing innovative financial products and services to the market. That in turn is sparking a new conversation - can Open Banking become a blueprint for the wider digital...

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  16.01.2020

  In­sur­ance 2020: Keep­ing an eye on the com­pet­i­tion

  Are insurers’ pricing practices in the best interests of consumers? Consumer interests remains the key driver for regulatory intervention in the retail general insurance market and insurers can expect to be reviewing carefully their consumer pricing policies in 2020. Following the CMA’s investigation of so-called loyalty penalties, the FCA is expected to issue its final report into pricing practices in the retail general insurance market in the first quarter of 2020, after the publication of its interim report in October 2019. The FCA has provisionally found that competition is not...

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  08.10.2019

  FCA pub­lish rules in re­la­tion to Over­draft Pri­cing and Com­pet­i­tion Rem­ed­ies

  The lowest and highest interest rates payable by banking customers under their arranged overdraft agreements; The lowest and highest unarranged overdraft interest rates payable by banking customers; The refused payment fee payable by banking customers; and The lowest and highest representative APR for an arranged overdraft agreement, as well as including these in financial promotions communicated by or on behalf of a firm. The above will be required to be published in a prescribed table and displayed on the same webpage as, and immediately below, complaints data made to or about a firm. From...

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  11.04.2018

  Se­cur­it­isa­tion Reg­u­la­tion: 60 minutes to un­der­stand the new rules and is­sues

  CMS cordially invite you to attend a webinar: 11 April 2018 | 10:00 UK/ 11:00 CET Securitisation Regulation: 60 minutes to understand the new rules and issues This webinar will last one hour (including a Q&A session) and will provide an update on new EU regulations regarding securitisation. Four expert speakers from the UK, France and Spain will cover the areas you need to be aware of. Agenda: Scope of the new regulations (STS and CRR treatment) New rules applicable to any EU securitisation STS CRR/other directive changes REGISTER NOW

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  18.01.2018

  TEST Crypto­cur­rency

  Cryptocurrency: anonymous and fast transfers – but almost impossible to control For users, cryptocurrencies offer a range of benefits. They enable peer-to-peer transactions without the need for a third party, such as a bank or payment provider. Payments are completed in a matter of minutes, transaction costs are negligible or non-existent, and thanks to the use of cryptography all transactions are completely anonymous and almost entirely immune to counterfeiting. However, inherent within these benefits are also a number of pitfalls. Since cryptocurrencies are not issued by a central authority,...

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  18.01.2018

  Crypto­cur­rency as a means of pay­ment

  DE

  Cryptocurrency: anonymous and fast transfers – but almost impossible to control For users, cryptocurrencies offer a range of benefits. They enable peer-to-peer transactions without the need for a third party, such as a bank or payment provider. Payments are completed in a matter of minutes, transaction costs are negligible or non-existent, and thanks to the use of cryptography all transactions are completely anonymous and almost entirely immune to counterfeiting. However, inherent within these benefits are also a number of pitfalls. Since cryptocurrencies are not issued by a central authority,...

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