The SSM has committed to undertake a targeted review of internal models (TRIM) for banking groups. See here. The General Data Protection Regulation (GDPR) is the first major reform of European data protection legislation in 20 years, comes into force on 25 May 2018.
All companies who collect and process personal data in the EU will need to work out what data they hold on their customers, where they hold it, if they have permission to do so, whether it is stored safely, and how they can extract it in an easily “portable “ form or delete it if requested.