Global Correspondence
GFMA International Principles to Improve Data Security and Mobility to Support Global Growth
21 March – GFMA and its constituent bodies AFME, ASIFMA and SIFMA support an open and resilient global economy in which financial services can boost international trade and investment, and global economic growth while protecting individuals’ rights to privacy. With the rise of the digital economy, policymakers around the world have rightly strengthened their policies that protect data and privacy, while continuing to enable cross-border trade that contributes to global economic growth.
In the “International Principles to Improve Data Security and Mobility to Support Global Growth” paper, we set out:
- The context of the digital economy and the importance of data privacy and free flow of data
- Policy objectives for supporting the digital economy whilst respecting privacy
- Principles which we would ask that regulators consider in order to support the achievement of those policy objectives.
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