Data Protection

Data regulation across the EU has changed significantly as a result of the new GDPR regulations. GDPR will bring common standards for all countries, recongising the changing landscape of consumer and business usage of data. The goal is to provide customers with more control over their data and harmonise the regulatory environment.

GDPR compliance require wide-ranging changes that will impact organisational structures, people, training, policies, processes, systems and technology support. Implementation of the new regulations has been challenging and in many cases on-going work will continue to embed the changes into the organisation.

Avantage Reply has helped a range of clients prepare in advance for the new regulations and we continue to support our clients in a number of areas:

Managing consent management,
Data privacy governance,
Conducting Data Privacy audits,
Redesigning Data Breach processes and improving the reporting process,
Ensuring end-to-end accountability,
System process mapping, reconfiguration and implementation.

We are also able to offer deep expertise in digital, technology and data management. Our unique, multi-disciplinary approach can help you to face both IT and compliance challenges with a pragmatic and risk-based approach to enable a robust solution that protects your companies reputation.

Our consultants possess both subject matter expertise in their chosen fields and extensive practical experience within financial organisations of all sizes.

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15.11.2017 / Agefi Luxembourg

Press Article

Implementing GDPR: Challenges and Recommendations

Rapidly developing technological advances combined with new and innovative commercial uses of personal data and diverse differences in data protection standards across the European Union have served as the catalyst behind the shift from the Data Protection Directive (95/46/EC) to the General Data Protection Regulation (EU 2016/679 or ‘GDPR’). GDPR is designed to give citizens more control over their personal data.

CRO Insights Journal

Getting ready FOR the new general data protection regulation

There have been vast changes since the 1995 introduction of the Data Protection Directive that is being replaced. In this edition, we remind the legal framework and enter the discussion of how the GDPR is being handled by Banks. We share the lessons learned, the challenges and give recommendations. Finally, we welcome our readers to put themselves in the shoes of a DPO and tackle the complexity of GDPR with a PAI.

RISK MANAGEMENT

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THE EVOLVING PRUDENTIAL TREATMENT OF BANKS' CRYPTOASSET EXPOSURES

In December 2022, the Basel Committee on Banking Supervision (BCBS) published the standard on the prudential treatment of exposures to cryptoassets. Avantage Reply guides clients in the evolution of their risk management framework to stay ahead of market changes.