For reference, leading firm of solicitors McCann Fitzgerald published the outcomes of Central Bank checks in relation to complying with the new EMIR Trade Reporting requirements at this link.
There are now additional processes to be adhered to. Confidence in data quality underpins accurate AML reporting, as can be seen in the McKinsey article at this link.
In this blog, we outline the security implications of GDPR and how organizations should look upon the new regulation not as a business restriction but as an opportunity to rethink data security in the face of the growing cyber threat: http://www.intuition.com/blog-cybersecurity-gdpr/
The Institute Of Internal Auditors (IIA) discusses ‘Assessing Involvement in Organizational Use of Data’ with the use of some very informative infographics and statistics. According to their study, only 29% of Chief Audit Executives are ‘Very or extremely confident in the strategic decisions their organization makes based on data it collects and analyzes’. Read the pdf here… 2016 Pulse[…]
The following report focuses on the status of adoption of all the Basel III standards (due to come into effect by 2019) to ensure that the Basel standards are transformed into national law or regulation according to the internationally agreed timeframes. The report is based on information provided by individual members as part of the[…]