• Banking On Your Personal Data: Recent Guidance Issued to Banks
  • February 27, 2015 | Authors: Gabriela Kennedy; Karen H. F. Lee; Sara S. M. Or
  • Law Firm: Mayer Brown JSM - Hong Kong Office
  • Given the private nature of banking services and as banks serve the vast majority of the public, the banking industry is one of the private sectors in Hong Kong for which the Hong Kong Privacy Commissioner receives most complaints. For the same reasons, data privacy compliance by the banking industry attracts particular attention, not only from the regulatory authorities, but also from the public. Due to the sensitive nature of the information handled by the banking industry, the consequences of personal data being mishandled, lost, leaked or stolen can be very serious.