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Latha Balakrishnan, Director in Duff & Phelps’ Compliance and Regulatory Consulting practice, wrote an article for BRINK Asia discussing the impact the European Union’s General Data Protection Regulation (GDPR) on businesses in Asia.
“GDPR is a “principles-based” regulation. It allows flexibility to firms to apply their own standards and internal practices to demonstrate compliance. Although it may appear to create an extra layer of compliance requirements, it raises the bar internationally on how personal data is processed in a world where personal data is so commoditized. Importantly, it also enables potential victims to take charge of who uses their data and in what manner, allowing a greater level of transparency and legitimacy without compromising the rights and freedoms of EU individuals” Latha explains.
Read the full article here.
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