While we are not IT experts, and do not play them on TV, occasionally IT and compliance merge. This is one of those times, mostly due to the volume of questions we have been receiving on whether, and how, the European Union’s General Data Protection Regulation (GDPR) impacts financial institutions. The GDPR became effective on May 25, 2018. As its name implies, it is not a U.S.-based regulation. So, why the fuss? Well, if your institution falls under the GDPR, you could have significant compliance responsibilities to undertake, administer and maintain.