Dear Members,

Welcome to the 60th monthly newsletter designed to keep BIIA members informed of the significant developments on the policy dossiers being worked on in geographical territories that members operate in.  To download the document please click on this link: BIIA Monthly Regulatory Newsletter 010322 – 2


The lead story in this month’s newsletter is our report on the recently held BIIA Middle East and Asia Pacific Regulatory Roundtable, the third such event we have been proud to facilitate. In discussions between regulators and credit bureaus who attended from 12 countries in the region it was clear that one of the key topics of interest is Alternative Data – new sources of data that can improve the decisions made by lenders and other credit grantors.

With such high level interest in mind Alternative Data is also on the agenda of the BIIA 2022 Bienial Conference which will take place on May 23, 2022 to May 25th 2022 in Singapore

We also draw your attention to the BIIA Regulatory Forum,  being held on March 23rd, at 08.00 EST, US. Our guest speaker for the event will be Enrique Velázquez, Director General of ACCIS, who will provide an update on the development of AI regulation in the European Union. As with the General Data Protection Regulation (GDPR) this new regulation is expected to have a significant impact not just in the EU but across the globe. Should you be interested in joining the Forum event please contact Neil Munroe @

Other topics in this edition are:

Credit Reporting:   UK – Financial Conduct Authority (FCA) Credit Information Market Study


  • Dubai – Singapore, South Korea and APEC recognised by Dubai International Financial Centre as adequate for cross border data transfers
  • France – French Data Protection Authority (CNIL) bans Google analytics

UK – New Addendum for International Data Transfers Set to Come into Force in March

Financial Services :  UK – Financial Conduct Authority (FCA) secures contract changes for buy-now-pay-later customers

Artificial Intelligence: 

  • China – New Rules on Algorithm-Based Recommendation Services
  • European Union – Security of Machine Learning (ML)


  • European Union – European Banking Authority launches central database for anti-money laundering and counter-terrorist financing


  • European Union – EU banking watchdog publishes rules on banks reporting climate-risk data
  • UK – New Financial Conduct Authority (FCA) rules on climate-related disclosures


  • European Union – European Supervisory Authorities Publish Report on Digital Finance

BIIA would like to thank its fellow industry association, ACCIS, for allowing us to re-use certain information that they have published on regulatory developments within Europe.

We are keen to ensure that we cover as many relevant regulatory developments as we can in this newsletter so if you have any items you feel would be worth incorporating please do get in contact with Neil Munroe, Deputy Managing Director and Editor of the Regulatory Newsletter by email @

More information on the latest regulatory developments from across the globe is available on the BIIA website in the Regulatory section

Copyright © BIIA 2022 – For Member Internal Use Only –

To Request Permission to Publish Contact:  Neil Munroe at


BIIA 2022 Biennial Conference
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