Banks feel the heat of China’s ‘dizzying’ data compliance requirementsBy James King
August 14, 2023
China is tightening the screws on banks’ data security measures to impose new compliance obligations on the processing and storing of digital information.
Experts say that new draft proposals align with advanced-economy regulatory norms but could still expose international lenders to higher operational risks as they adjust to ...
International banks in China face heightened political and operational risk following the introduction of a tougher anti-spying law. Foreign businesses operating in the country are now subject to extensive but...Read more