The principal objective for the IRSG Data workstream is to provide expert analysis on the implications of Brexit from a data protection perspective, and provide IRSG recommendations to the UK government as it prepares for exit negotiations with the EU.
Outputs from the workstream are focused on the needs and priorities of UK-based financial and professional services firms, the likely impact of the UK’s departure and any eventual UK-EU agreement.
The IRSG Data workstream is also tasked with tracking and responding to EU data proposals and taking account of the need for consistency with international laws. This includes analysis of the draft General Data Protection Regulation (GDPR) and the EU Network and Information Security Directive –two measures that have been agreed at EU level and are due to come into force in 2018.
To support our work in this area, the IRSG has produced the following research and reports:
Composition of the workstream:
The workstream is chaired by Vivienne Artz (Thomson Reuters) and includes representatives from financial services firms, trade associations, the legal profession and data providers. The workstream includes representative from:
- Association of Foreign Banks
- Bank of America Merrill Lynch
- Bank of Scotland
- BNY Mellon
- Clifford Chance
- Credit Suisse
- DLA Piper
- JP Morgan
- Marsh UK & Ireland
- Morgan Stanley
- Norinchukin Bank
- Scottish Development International
- Thomson Reuters (Chair)
- UK Finance
For further details about the work of this group, please contact the IRSG Secretariat lead, Audrey Nelson.