Insight and Intelligence on the London & International Insurance Markets

4 February 2012

London urged to focus on data protection regime

16 March 2010

Firms cannot afford to be ignorant of data protection rules and information security issues given the harder line taken by UK and European Union regulators, lawyers have warned.

The Financial Services Authority (FSA) is taking a more muscular approach on breaches of data security, while the Information Commissioner has new powers to impose fines of up to £500,000.

Law firm Sidley Austin LLP said that in the current regulatory climate, brokers and insurers that do not have adequate systems and...

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