Albert Yuen and Jasmine Yung at Linklaters discuss Hong Kong's regulatory approach to technology risk and data security.
January 9, 2023FIs in Hong Kong should review whether their commercial agreements contain requirements equivalent to the recommended model contractual clauses, say Albert Yuen and Eunice Lee.
June 28, 2022Recommended model contractual clauses are provided for scenarios where personal data is transferred across borders to another data user or to a data processor.
May 20, 2022Key recommendations include higher penalties for breaches, mandatory data breach notifications, and a requirement for clear personal data retention policies.
February 12, 2020New HKMA guidance for banks using big data analytics and AI applications focuses on four major areas: governance and accountability; fairness; transparency and disclosure; and data privacy and protection.
November 6, 2019Hong Kong and Singapore’s data protection authorities have signed an MOU to strengthen cooperation on personal data protection.
June 12, 2019Herbert Smith Freehills says the HKMA push for adoption of the Ethical Accountability Framework in FinTech development represents a broader movement toward regulating artificial intelligence.
May 24, 2019The HKMA encourages authorised institutions to adopt the PCPD's Ethical Accountability Framework in the development of fintech products and services.
May 6, 2019The HKMA and privacy commissioner have demanded security improvements after reporters were able to access top officials' credit reports through TransUnion's online service.
December 3, 2018