Monday 20 August 2018

New data protection rules to take effect

General Data Protection Regulation (GDPR) will come into force on the May 25
General Data Protection Regulation (GDPR) will come into force on the May 25

FRIDAY will see the European Union's new General Data Protection Regulation take effect.

The regulation updates and overhauls European data protection law, and all companies that process the data of EU residents are obliged to comply with the new requirements.

Tomorrow the next round of Brexit negotiations is due to begin in Brussels. The negotiations come on the back of a warning from Taoiseach Leo Varadkar last week that avoiding a hard Border after Brexit will involve more than just an arrangement on customs.

It's a busy day in Brussels tomorrow, as Facebook boss Mark Zuckerberg is due to be questioned by the European Parliament on the company's use of personal data.

Then, on Wednesday, the European Commission will issue its country-specific recommendations for economic policy. The report is due to be endorsed by EU leaders in June, while it will be adopted by finance ministers in July.

On Thursday, the European Central Bank will publish its Financial Stability Review.

At home, Ryanair this morning releases its full-year results in respect of financial year 2018.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business