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Real Insights - Property Update

Issue 63

SONIA: The replacement to LIBOR for all commercial loans

The London Inter-Bank Offered Rate (LIBOR) has been the global benchmark interest rate since the 1970s.

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ICO Opinion on live facial recognition

June saw the publication of a formal “Opinion” by the Information Commissioner’s Office (ICO) on the data protection and privacy implications use of live facial recognition (LFR) technology. It only deals with the use of the technology in "public places", but it defines this term so widely (“any physical space outside a domestic setting, whether publicly or privately owned”) that effectively anywhere except within the home will be covered. It is essential reading for anyone using, or considering the use of, such technology. Almost concurrently, the combined European Union Data Protection Authorities (of which the ICO is, of course, no longer a member) issued an Opinion going even further, and calling for a general ban on the use of facial recognition in publicly accessible areas.

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Propertyshe podcast: Jackie Sadek Founder and COO of UK Regeneration (UKR)

Jackie Sadek has 30 years’ experience in property, specializing in public-private sector partnerships. From 2014 to 2016 Jackie was Specialist Adviser to Government on urban regeneration.

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Propertyshe Perspectives: networking post lockdown

In the latest Property Week blog, Susan Freeman highlights that the Property Week Editor’s VIP MIPIM Lunch, which would have taken place in Cannes, was still able to go ahead at the Ivy Club in Covent Garden, and shares her excitement at being able to network in person again.

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