Refinitiv CEO David Craig said Hong Kong needs to standardize its privacy laws and improve data-sharing protections in order to better combat financial crime, the South China Morning Post reports. Speaking at the Refinitiv Pan Asian Regulatory Summit, Craig said financial institutions have been hesitant to share information with regulators out of fear of violating privacy laws. “There needs to be a global movement to harmonise what we mean by data privacy and what is an acceptable standard, and what isn't for people and for individuals’ rights,” Craig said.
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