The measures include enhanced disclosures for borrowers, consent-based data collection, a cooling-off period for online loans, and the establishment of a new SRO.
August 12, 2022The guidance provides data protection recommendations for firms developing and deploying blockchain apps that process personal data.
July 22, 2022The FSC intends to amend the Act to allow only exceptional cases of consumer solicitation, where consent is obtained from the customers in advance.
July 12, 2022The new platform, expected to be launched by year-end, will serve as an interface for lenders and CRAs to share consumer credit information.
July 11, 2022The new Life Code takes effect on 1 July 2023, providing the industry with twelve months to transition and make the necessary systems changes.
June 29, 2022Thailand's banking, securities, insurance and data protection authorities have signed a supervisory cooperation MoU ahead of the 1 June implementation of the new PDPA.
May 9, 2022Personal data is being aggregated and exploited, without the resulting benefits being passed on to consumers and businesses generating the data.
May 6, 2022Information sharing will be allowed between FIs that do not have group relations, provided that the data sharing model is first reviewed and approved by the FSC.
May 3, 2022Japan's revised law on the protection of personal data raises penalties for non-compliance, tightens breach reporting requirements, and gives data subjects additional rights.
April 3, 2022The Standard sets out practices for syndicate banks on the sharing of investor allocation information in the fixed income primary markets.
February 16, 2022