Session Recap: To read the key takeaways from this session, please click here.

 

Where: Virtual event

When: Sept. 8, 2021

Overview: In the sixth installment of the Institute of International Finance’s DataTalk series, an interactive monthly forum bringing together experts from IIF member firms, leading tech firms, and other partners and officials, participants discussed key issues around regulation of the digital economy.

The discussion highlighted how pressure to tighten digital regulation poses special challenges for financial institutions, which already operate under some of the most-stringent rules in the global economy. Participants explained that the vertical nature of most existing regulation, which applies to specific sectors, doesn’t adapt readily to data that flows across industries and geographic borders. Policymakers would do well, they contended, to focus on developing proportional regulation based on principles rather than detailed rules that recognize the global nature of data, seek to avoid market fragmentation, and promote safety without stifling innovation and growth.

The series includes three leading global experts as co-chairs:

Douglas Elliott, Partner, Oliver Wyman

Jennifer Stott, Chief Data Officer, Royal Bank of Canada

Tom Wilson, Chief Executive Officer, Allianz Ayudhya

Attendance at the DataTalk series is available by invitation only. To get in touch, email us at OWForum-Data@oliverwyman.com. You can learn more about the collaboration with the IIF here.