Data privacy and protection: non-negotiable supervisory equations
Manoj Singh says data protection is essential to modern finance, but throws up myriad supervisory challenges
The debate over how to make supervisory processes more effective is continuous. In this respect, the Basel Committee on Banking Supervision (BCBS) has come out with a consultative document on revisions to the Core principles for effective banking supervision (the ‘Basel Core Principles’).
Since the last revision of the core principles in 2012, the banking sector has gone through a series of transformations. In the early parts of the last decade, the term ‘fintech’ had little presence, the
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