A Six-Ingredient Recipe for Data Protection

Results of CGAP research on privacy and data protection frameworks

Consultative Group to Assist the Poor report sets out results of research in 10 countries to learn what privacy and data protection frameworks are currently in place and how regulatory regimes differ around the world. Examines six issues: i) whether the country's constitution protects citizens' privacy; ii) whether there is a legal and regulatory framework for data protection; iii) which regulations apply to financial services providers (FSPs); iv) who is responsible for creating and enforcing regulations; v) whether there is capacity to enforce regulations; and vi) whether consumers have control of their own data. Advocates that regulators must devise and implement harmonized and comprehensive protections for customer data. 

Publisher: International Organizations     Release date: Dec 2017    

Type: Consultative, discussion and issues paper

Topics: Consumer education and protection

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities