New technology, personal data protection and implications 'for financial services regulation'

Information, Communication and Technology (ICT) developments present a challenge to public expectations about the collection, use, control and cross-border transmission of personal data, including financial data. This paper considers the data protection laws in Australia, and in Europe, which has the most comprehensive personal data protection laws globally. It also examines the impact of different regulatory approaches to data protection for three areas of technology-driven financial sector innovation.