From: FT Adviser
By Paul Edmondson
In the longer term, the pace and scale of EU-driven reforms will reduce – the number of new initiatives has been cut every year for the past five years. But 2016 will be a busy year for EU regulators.
The overlapping issues of Big Data, outsourcing to the cloud and cyber risks, will become increasingly important issues for the regulators. This emphasis echoes the work done at European level by the European Union Agency for Network and Information Security (ENISA) to encourage uptake of new technology by the financial services sector. Linked with this, the finalised text of the EU’s General Data Protection Regulation is expected imminently.