Basel II regulations could raise the risk of cyber attacks , Nex Group head of government affairs , David Pott , has warned . The new European regulations allow firms to hold and exchange personal information on individual traders and clients . Pott said this means Nex Group , which runs its own post - trade reporting service , was working hard to ensure such data is kept safe from hackers as it is " not information you want out in public " .
MiFID II regulations could raise the risk of cyber attacks, Nex Group head of government affairs, Ben Pott, has warned. The new European regulations require firms to hold and exchange personal information on individual traders and clients. Pott said this means Nex Group, which runs its own post-trade reporting service, was working hard to ensure such data is kept safe from hackers as it is "not information you want out in public".