Basel III & Data Security in Financial Services
Although the Data Protection Act is the primary legislation covering data security regulations for most businesses and organisations in the UK, it’s important not overlook the influence of other laws, particularly when it comes to data security in financial services.
The Basel III Reforms are critical to the way financial institutions evaluate and measure risk, primarily for the purposes of preventing future financial crises. However financial data protection plays a key role in compliance. In this brief overview you’ll learn:
- The basics of the Basel III Framework
- How it affects information management and security
- Steps you can take to comply
- Suggested elements to include in a records management policy