All Posts By

Michael Fortune

Policy Updates

By | Compliance, Owner Members, Policy Development

CUDA has updated the Outsourcing Policy in light of recent publications including: Central Bank’s Findings and Issues for Discussion Paper on Outsourcing (November 2018), and EBA revised Guidelines on Outsourcing ArrangementsOutsourcing will be high on Central Bank’s supervisory agenda during your PRISM engagements. The recent circulation from RCU re outsourcing service risks dated 8th May 2019 is a further indication of this.

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GDPR Update: Stage 1 PIA Assessments

By | Compliance, Owner Members

A PIA (Data Protection Impact Assessment) assesses the impact on privacy with the introduction of a new project, service or product which involves the processing of personal data.  GDPR provides that a PIA is mandatory when an organisation uses new technologies and processes personal data in a way that is likely to result in a high risk to the rights and freedoms of an individual (Art 34).

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