Data in the modern economy
One of the most important policies currently discussed at European level are the concepts of sharing, use, privacy and ownership of personal and non-personal data. Europe has taken a lead with the GDPR and left the US and China to play catch up in terms of data privacy. However, having a strict legislative framework does not allow for a flexible use of data. Are the EU’s stringent data privacy policies compatible with the development of new technologies based on large amounts of data? Japan and the EU have taken the important step of including data transfers into their Free Trade arrangements.
Is this a model to respond to the increasing tend towards national data localisation? How will the fragmentation of data impact the development of big data solutions and the growth of FinTech? Will it hinder the industry from scaling up? What is the right balance between ownership and use of data?
Moderator: Farisa Zarin
Chief Government and Public Policy Officer, Moody’s
Chief Scientist, AIG
Deputy General Counsel & Chief Privacy and Data Governance Officer, Western Union
Vice-President, Legal and Regulatory, Deputy General Counsel, Paysafe Group, Paysafe
Head of Behavioral Science, Nasdaq
Managing Director - Head of Regulatory Affairs and Market Structure, Tradeweb