How banks are managing Mifid data with GDPR compliance

Firms explain how they're ensuring the masses of data created by Mifid II remains compliant with the EU's new data protection regulation when it becomes effective in May. Solutions are available but with just a few months to go, the industry is still far from consensus, which breeds inefficiencies and increases the possibility of a breach. But with potentially astronomical fines available, banks' senior management teams are taking the GDPR seriously. Meanwhile Asian firms have found a creative way around the conflicts between Mifid and their own local data privacy laws

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