UK Regulatory Reform and its Impact on Financial Markets
May 15, 2013 by GlobalLaw
Filed under Financial Services
On April 1, 2013, the FSA was replaced by separate conduct and prudential regulators, respectively, the FCA and the PRA. These reforms, the most radical since the creation of the FSA more than a decade ago, see the UK move to a “twin peaks” system of regulation…
ANALYSIS: UK Regulatory Reform and its Impact on Financial Markets
April 30, 2013 by GlobalLaw
Filed under Financial Services
On April 1, 2013, the Financial Services Authority (FSA) was replaced by separate conduct and prudential regulators, respectively, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA)…
U.S. FTC Final Report on Consumer Privacy Calls for Federal Legislation, Industry Codes
The Federal Trade Commission’s long-awaited final reporton consumer privacy, released March 26, revealed several consequential changes in the FTC’s position on federal privacy policy.
ANALYSIS: China’s New Internet Rules Include Key Provisions On Personal Data Protection, Information Security, Data Leaks, And Fines
China’s Ministry of Industry and Information Technology (“MIIT”) recently promulgated “Several Provisions on Regulating the Market Order of Internet Information Services” (“the Provisions”) to ensure a level playing field for website operators in China and to enhance protections for internet users in areas such as internet security, web advertising and data protection. The Provisions came into effect on March 15, 2012.
U.S. White House Consumer Privacy Blueprint Seeks Framework Law, Business Conduct Codes
The White House Feb. 23 officially released a white paper with recommendations for creating a new consumer privacy protection regime in the United States…
In Significant Move to Global Interoperability, APEC Leaders Approve Cross-Border Data Transfer Rules
The recent approval of new cross-border data transfer privacy rules by Asia Pacific Economic Cooperation (APEC) ministers is a significant step toward a global system for transferring personal information despite a dizzying array of disparate data privacy regime…
ANALYSIS: Singapore’s Proposed Data Protection Regime
Singapore’s proposed data protection (DP) regime seeks to fill the lacuna which Singapore has had for many years in respect of general data privacy legislation…
ANALYSIS: The Australian Government’s Proposed Reform Of The Credit Reporting Rules Under The Privacy Act
The Commonwealth has issued its much awaited Exposure Draft of proposed legislation to implement reform of the current credit reporting provisions of the Privacy Act 1988 (Privacy Act)….
Obama Administration, in Major Policy Shift, Seeks ‘Privacy Bill of Rights’
In a significant privacy rights strategy shift, the Obama administration March 16 for the first time called on Congress to pass “privacy bill of rights” legislation to protect consumers…
ANALYSIS: Chinese Ministry Proposes New Internet Regulations With Privacy Provisions
China’s Ministry of Industry and Information Technology (MIIT) recently published proposed new measures designed to regulate competition between internet information service providers and enhance supervision over the internet information service market, with comments due by February 14, 2011…