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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  

Yoram Hacohen

affiliation not provided to SSRN

Omer Tene

International Association of Privacy Professionals (IAPP)

Date Written: November 15, 2008

Abstract

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

Hacohen, Yoram and Tene, Omer, Transferral of Pension Fund Databases in Israel (November 15, 2008). Data Protection Law & Policy, Vol. 5, No. 11, pp. 14-16, 2008. Available at SSRN: https://ssrn.com/abstract=1302066

Yoram Hacohen

affiliation not provided to SSRN ( email )

Omer Tene (Contact Author)

International Association of Privacy Professionals (IAPP) ( email )

Pease International Tradeport
75 Rochester Ave., Suite 4
Portsmouth, NH 03801
United States

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