Compliance & Ethics
Nov 25, 2024
The Information Commissioner John Edwards has commented on the recent media reports of NatWest Bank sharing personal financial information about Nigel Farage with the BBC. He noted that the banking duty of confidentiality, which is over a hundred years old, does not permit customers' personal information to be discussed with the media. Furthermore, Edwards reminded banks of their responsibility to customers and other regulators when it comes to data protection laws, noting that banks should not be manipulating or holding unnecessary information. He also noted that citizens have the right to make a subject access request if they wish to find out what information banks are holding on them.