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Recent years have seen growing scrutiny of the use of artificial intelligence (AI) in financial services and a greater awareness of the potential of these technologies. It is no surprise that questions of AI fairness and bias are increasingly front of mind. Existing law is not keeping up with the rise and speed of new technology. With UK Finance, we have published a white paper, as a contribution to the debate on how to apply ethical principles in practice to the benefit of firms and customers. Our use of practical scenarios has helped refine our understanding of the fair use of AI and the practical challenges of building a high-level ethical framework. Read more
Following the Government’s promise to reform data protection laws in the UK post-Brexit, starting with the DCMS Consultation paper (“Data: a new direction”) in September 2021 (see our blog post on this here) and the announcement of the new Data Reform Bill in the Queen’s Speech in May 2022, the Government has now published its … Read more
Peggy Chow (Of Counsel, Singapore) and Kaman Tsoi (Special Counsel, Melbourne) discuss the latest regulatory trends and future directions including the use of third party tracing cookies, the overlap between privacy and competition, proposed new laws on targeted advertising and cookies in the EU, the US, Japan and Australia, facial recognition and less privacy intrusive … Read more
HSF technology disputes practitioners Andrew Moir, Rachel Lidgate, Martin Hevey, Kate Macmillan, Peter Dalton, Heather Newton and Rachel Montagnon have recently published a Q&A in Practical Law on Disputes in the Technology Industry (see here for subscribers and here for a pdf) covering all aspects of disputes in the sector including current and future trends. … Read more
On 12 May 2022, the Office of the Privacy Commissioner for Personal Data (“PCPD“) issued the new Guidance on Recommended Model Contractual Clauses for Cross-border Transfer of Personal Data (“New Guidance“), which includes two new sets of Recommended Model Contractual Clauses (“New RMCs“). Read more
Following the publication of the new EU Standard Contractual Clauses (“SCCs“) last year and their UK equivalent at the beginning of this year, any current arrangements for transferring personal data outside of Europe or the UK (e.g. international data transfer agreements involving a European or UK party) should be revisited and updated in the coming … Read more
The exponential growth in the volume of data being collected and shared, along with the ease and reduced costs of gathering, analysing, using and exploiting data, has resulted in a corresponding increase in data protection laws and regulations. Against that background, data class actions have been a growing phenomenon, driven in part by the interest … Read more
On 7 February 2022, the Information Commissioner’s Office (“ICO“) announced the publication of the third chapter of its draft guidance on anonymisation, pseudoymisation and privacy enhancing technologies (the “Draft Guidance“). Following on from the first and second chapters published on 28 May 2021 and 8 October 2021, respectively, which focus on anonymisation, the new third … Read more
On 13 January 2022, the draft Guidelines for Identification of Critical Data (“Draft Guidelines“) were released. The public consultation period will end on 13 March 2022. This is a key step for the full enforcement of the Data Security Law (“DSL“) which came into force on 1 September 2021. Read more
