Welcome to the twenty seventh monthly newsletter designed to keep BIIA members informed of the significant developments on the policy dossiers being worked on in Europe and in other geographical territories. To download this issue, please click on this link: BIIA Monthly EU Regulatory Newletter 311018
- Since the last newsletter we have seen further activity in Europe on GDPR as regulators in various countries continue to provide further guidance on the new regulation and just as importantly take action under the new provisions. Based on what we have seen so far there is no doubt in the authors opinion that we will see further action in the coming months as regulators seek to use ensure that data users are adhering to the new regulation.
- As predicted in last month’s newsletter we have also seen a continued focus both in Europe and further afield on Artificial Intelligence and the use of new technology such as block chain as regulators and policy makers seek to understand the concepts and how they can be used.
- Finally in this month’s edition we provide an update on the European Commission’s work on creditworthiness assessment, which includes, amongst other things the information available from credit reporting service providers. This is a key policy initiative for the consumer credit information industry and we will be working closely with ACCIS, our sister trade association in Europe, to ensure that the outcome of the review identifies the critical role our industry plays in supporting
Topics from the rest of the world:
- Open banking goes global
- Bali Fintech Agenda – References to credit reporting
- Standards for sharing customer information in the US
- Artificial Intelligence to create 58 million jobs in 2022
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