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September 14 2018

UK FINANCE RESPONDS TO ‘NO DEAL’ BREXIT GUIDANCE ON DATA PROTECTION

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Responding to the government’s guidance on data protection in the event of a ‘no deal’ Brexit scenario, Stephen Jones, Chief Executive of UK Finance, said:

“We continue to believe that a ‘no deal’ scenario can and should be avoided. However, it is right that the government is providing guidance to businesses on critical cliff-edge issues such as the cross-border flow of data.

“Every day, millions of citizens and businesses rely on the free flow of personal data between the EU and UK that underpin our modern digital economies. A pragmatic approach is needed to ensure this vital cross-border exchange of personal data can continue including in a ‘no deal’ scenario.

“Both sides currently share the highest standards of data protection, which the UK has rightly committed to maintaining after Brexit.

“It is vital that negotiations progress swiftly to ensure continued cross-border data flows and prevent additional costs and bureaucracy for firms and their customers on both sides of the Channel.”

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