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GDPR compliance highlighted at first FIBA roadshow

Martin Greenland | 14:19 Wednesday 18th April 2018

The Financial Intermediary & Broker Association (FIBA) held its first regional roadshow last Thursday (12th April) in north London.

The event allowed brokers from across the region to take part in a new live deal room and learn more about GDPR compliance.

The format enabled brokers to present deals that they had been working on to a host of specialist lenders.

The lenders included Assetz Capital, Funding 365, Octopus Property, Roma Finance, United Trust Bank, alongside network Connect for Intermediaries.

The event also featured an opening presentation on GDPR in the sales process.

The talk from Mark Greenwood, group compliance policy manager at SimplyBiz Group, promoted a strong Q&A session afterwards.

FIBA said delegates were impressed with the much needed clarity and commonsense approach to what brokers need to do to ensure compliance with GDPR by the 25th of May.

“Our first workshop was well attended and my thanks to our sponsors, who were delighted with the cases that came into the new live deal room from our attending broker delegates,” said Adam Tyler, executive chairman at FIBA.

Scott Marshall, managing director at Roma Finance, added: “We were delighted to be one of the sponsors at the inaugural FIBA workshop in Watford, which included the live deal forum where brokers were able to discuss live cases with lenders.

“This provoked open dialogue which resulted in brokers gaining a better understanding of lenders' requirements and lenders able to question brokers, which helped structure some complex transactions.

“We will definitely be sponsoring more of these events.”

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