Upcoming & recent

PSD2 and the Regulation of Data-Based Innovation in Retail Banking: A European Perspective

Time: Wednesday, 6 October 2021, 4:00 - 5:00 PM, Hong Kong Time
Duration: 1 hr
Location: Virtual
Link: Here
Description:

Directive (EU) 2015/2366 on payment services (PSD2) is the cornerstone in the EU’s regulatory framework for retail payments. Adopted in 2015, PSD2 paved the way to what is known today as open banking – provision of innovative financial services by non-banking providers using consumer data. Despite addressing the issues of uneven-playing field and consumer protection, and the aim of PSD2 to facilitate innovation, enhance trust and consumer control over their own data, a number of challenges remain. Problems of technological interoperability and obstacles to cross-border provision of services persist, and prompt a critical review of the current regulatory framework. The lecture will guide participants through the core elements of PSD2, focus on the consumer payment account data sharing and the interplay between PSD2 and the General Data Protection Regulation (GDPR), outline the main regulatory challenges and discuss the recent proposals to revise the current framework.

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AI Governance and Open Finance Initiatives

Time: Monday, 13 September 2021, 4:00 – 5:00 PM HKT
Duration: 1 hr
Location: Virtual
Link: Here
Description:

The lecture will have two parts. The first will talk about AI governance and the concept of ‘AI in community’. Following will be a discussion of digital self-determination as a progressive approach to responsible data access and a paradigm of data management which moves away from rights and ownership, rejects contestation and looks for mutualised interests. The second part of the lecture will take two case studies 1) fair lending, and 2) open banking. Both these areas of interest provide fertile discussion of the application of digital self-determination (DSD). For instance, the Hong Kong Monetary Authority recently announced plans to launch the Commercial Data Interchange (CDI), a new consent-based financial infrastructure which seeks to enable more secure and efficient data flows between banks and businesses to address pain points in SME financing. This is part of the four phase initiate on Open Banking. DSD has specific application in achieving these aspirations. Openness connects with DSD’s requirement that data-subjects should be informed about the nature, purpose and consequences of personal data access and usage. Fairness is reflected DSD’s commitment to autonomy in community – where data interests may be shared, responsibilised and respectfully managed in an atmosphere of mutual benefit. Speakers: Professor Mark Findlay and Nydia Remolina.

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Digital Assets in Hong Kong: What are They and How are They Taxed

Time: 31 May 2021 4:00-5:00 pm HKT
Duration: 1 hr
Location: Virtual
Link: Here
Description:

CLICK THE LINK TO WATCH | Initiated by the Taxation Law Research Programme (TLRP), Asian Institute of International Financial Law, Faculty of Law, University of Hong Kong | Join Dr. Oriol Caudevilla, Honorary Fellow of the Asian Institute of International Financial Law, in the webinar presentation 'Digital Assets in Hong Kong' who will contrast between digital assets and #cryptocurrencies, discuss #blockchain technology and how digital assets are taxed in Hong Kong. The presentation will take place via Zoom on Monday, 31 May 2021, 4-5pm HKT. Click link for REGISTRATION and more information.

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