Lack of solid implementation guidelines hampers effective compliance with data protection regulations in Asia
Proceedings report from The Asian Banker teleconsultation session, "Meeting the data protection challenge" held on 8th November 2012, on the impact of consumer data protection regulations on financial institutions in Asia. November 14, 2012 | Levina LimI. Introduction 1. The Asian Banker organised a teleconsultation session, “Meeting the data protection challenge: Customer data security and its impact on banks in Asia” to discuss the impact of data protection regulations on Asian banks. 2. The following report summarises the key points presented by the key speakers of the session, including main issues discussed, as well as the Question and Answer session that follows. 3. The objectives of the session were: II. In attendance: The key participants in this teleconsultation were: III. Key Discussion Notes 1. Overview of data protection regulations in Asia IV. Detailed Discussion Notes 1. Overview of data protection regulations in Asia i. Hong Kong passed the Personal Data (Privacy) (Amendment) Ordinance in June 2012, with most of its provisions coming into effect in November 2012. The changes particularly affect organisations engaged in dire... Please login to read the complete article. If you already have an account, you can login now or subscribe/register.
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