IIF Authors

Status: Will be live at 07/19/2022 09:00

FRT Episode 124: Is the US Entering the Global Landscape of Privacy Legislation?

The global trend of new privacy regulation that is both rushed and expansive is creating challenges for international financial services firms trying to operate amid increasing and fragmented regulation. A new wave of regulation seems poised to join standards such as the EU GDPR and China’s Personal Information Protection Law (PIPL), which could further complicate the landscape for firms operating in multiple jurisdictions, and subject to different, sometimes conflicting, regulations. Liz Roberts, IIF General Counsel, joins us on this episode to discuss the latest draft of the new American Data Privacy and Protection Act which has garnered bicameral and bipartisan support and aims to set a federal standard for data privacy. Liz discusses the drivers for this legislation, maps it with the GDPR, outlines the fragmented landscape of regulation both nationally and internationally, and highlights what businesses and consumers alike should be looking out for before the midterm elections.