Q&As

In order to satisfy the bankers’ duty of confidence to customers which are business entities, must a bank provide notice to such customers setting out its uses of customer's business information (ie non-personal data) that is acquired in the course of the banker/customer relationship?

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Published on LexisPSL on 28/08/2018

The following Financial Services Q&A provides comprehensive and up to date legal information covering:

  • In order to satisfy the bankers’ duty of confidence to customers which are business entities, must a bank provide notice to such customers setting out its uses of customer's business information (ie non-personal data) that is acquired in the course of the banker/customer relationship?

We refer you to Practice Note: Confidentiality—a guide for in-house banking and finance lawyers which summarily sets out the law on bankers’ duties of confidentiality at common law as well as other considerations that banks should take into account when dealing with confidential information.

In relation to personal information, banks are required to provide a privacy notice for the GDPR setting out how the bank might use a customer’s personal information. For further information on the GDPR, see

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