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Uk Regulator Warns Insurers Banks About Responsible Use Of Customers Big Data - Latest News


UK Regulator Warns Insurers, Banks About Responsible Use of Customers’ Big Data

Britain’s banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on ... read more

UK watchdog warns financial firms over Big Data

LONDON (Reuters) - Britain’s banks and insurers must take the lead in spelling out how they will use data collected ... firms and their customers. And regulation is central because it will help define ... read more

We need a new conversation about the world we’re (not) building

To put that collective market cap value in perspective, the whole of the UK ... for data use. I foresaw a world where segmenting across SICs would allow the business data collectors to create troves o... read more

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Tech tycoon warns of a data 'iceberg' as Brexit impacts information storage rules for UK firms

Consumer firms from banks to ... Many major UK companies currently store vast amounts of information on customers from the European Union in data centres in the UK. But under EU legislation called the ... read more


Vickers warns over weaker bank safety buffers

Regulators, bankers and investors ... "On a comparable basis, globally systemic banks in the UK will be required to have ten times more capital than before the crisis." The financial crash of 2008 exp... read more

Fintech startups disrupt mammoth banks

“These fintechs are increasingly gaining legitimacy even with regulators ... increased traffic as they take away customer relationships from banks, insurance companies and asset management companies. ... read more

Banks, businesses or the bust? Deeper into the UK productivity puzzle

“Finance and insurance” was responsible for a significant chunk of UK GDP before everything ... that relied heavily on bank lending before 2008 and those that didn’t, nor is there a significant differ... read more

New data protection rules that all small businesses need to adhere to set to come into force: We reveal how you can prepare now

Myron Jobson, of This is Money, says: The General Data Protection Regulation ... business and how you use customer data - even for those who haven't bought anything. The directive is due to come into ... read more

Lloyds Bank reassures investors on future of preference shares

Aviva sparked fears among investors and drew the attention of regulators when it said last month it was ... of the average of analysts forecasts based on Thomson Reuters data, the bank's profits grew ... read more

Treasurer Scott Morrison says banks will fully fund their own watchdog within two years

Treasurer Scott Morrison has confirmed Australian banks and financial institutions will be responsible for fully funding ... money to be used for surveillance Treasurer warns banks not to pass costs o... read more

Finance sector should junk the jargon, says Bank analyst

But to many of us they are simply incomprehensible jargon, a Bank of England analyst warns ... insurance companies have such a hold over us through their use of language. "Often it means the customer ... read more

Another Proposed Expansion Of Costly And Ineffective Financial Regulation

Beginning in the 1980s, money-laundering laws were enacted in hopes of discouraging criminal activity by making it harder for crooks to use ... average UK bank is currently wasting £5 million each yea... read more



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