Transferral of Pension Fund Databases in Israel
Data Protection Law & Policy, Vol. 5, No. 11, pp. 14-16, 2008
5 Pages Posted: 16 Nov 2008
Date Written: November 15, 2008
In the summer of 2005, Israeli banks were mandated to divest their holdings in pension funds and mutual funds, as part of a set of reforms intended to reduce concentration in the financial market. Consequently, the banks sold their holdings in pension funds to insurance companies and other investment vehicles. The ensuing series of transactions, of significant scale and scope relative to the size of the Israeli market, raised a host of data protection issues requiring regulatory resolution. This article introduces several questions and dilemmas which arose from the regulatory review of the divestitures and acquisitions in Israel's pension fund industry.
Keywords: privacy, data protection, israel, 95/46, directive, eu
JEL Classification: K19, K23
Suggested Citation: Suggested Citation