Llinks Law Offices successfully hosted the seminar of "Data Protection Frameworks of Financial Institutions" on April 26, 2024, at its Shanghai office.
This seminar closely followed issues pertinent to the financial industry such as data assets and rights, data cross-border transfer, compliance audits for personal information protection, and the application of artificial intelligence technology. It featured exciting speeches and facilitated discussions with guests.
Xun Yang Esq., specializing in technology law practice, presented on "Data Assets and Rights of Financial Institutions". He discussed the legal nature and possible declaration of the data rights, the conditions and restrictions for data sharing, forms and solutions of data transactions, and strategies for data financing and capitalization. Additionally, he addressed other critical aspects of scrutiny relevant to data sharing within the financial sector.
Then, Yuwei Xia Esq. shared the topic of "From Data Cross-border Transfer Regulation to Personal Information Protection Compliance Audits", exploring the latest updates to data export regulatory frameworks in 2024 and the future trends on normalized compliance audit supervision. In addition to analyzing the practical difficulties and issues that financial institutions face in data cross-border transfer, she also integrated the process of personal information protection compliance audits to evaluate the future priorities for personal information compliance within the financial institutions.
After a tea break, Xun Yang Esq. further introduced "Risks and Regulatory Issues Related to the Application of AI in the Financial Sector" with the attendees. He discussed the development, application, and regulatory requirements of AI technology. Additionally, Yang Esq. detailed to the attendees the legal risks associated with privacy, algorithmic decision-making, and AI-related content. He also elaborated on the diverse applications of AI technology in finance, as well as regulatory requirements regarding AI transparency, safety assessments, and registration.
The 2024 Llinks Seminar of "Data Protection Frameworks of Financial Institutions" attracted representatives from many financial institutions such as banks, securities firms, asset managers, insurance firms and several other emerging financial services industries. Llinks will always adhere to the principles of professionalism and pragmatism, integrating the latest legal developments in data and finance, go deep in the heated and forefront points in industries, and provide a vital platform for industry insiders to exchange ideas.
