A Long Accountability Journey For Financial Cos. Post-GDPR
Law360 (December 4, 2018, 4:57 PM EST) -- The General Data Protection Regulation requires organizations that control personal data to be responsible for, and demonstrate compliance with, its requirements. Known as the accountability principle, this obligation means that organizations must firstly take steps to comply with the GDPR and secondly be able to evidence those steps.
Part of the accountability principle is about the paperwork an organization creates to demonstrate compliance. However, it goes much further than this. It also requires that appropriate governance structures, people, processes, monitoring and technology are put in place to deliver compliance.
How Is the Accountability Principle Impacting Financial Services Firms?
Under the 1995...
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