Banking is an worldwide business information and capital pour unhindered across international borders. Banking institutions' information stores have enhanced radically with the spread of computers, and these institutions guard info inside their firewalls from exterior eyes, and from disaster, through creating multiple protected data repositories. However, access to banks' database is gradually more sought by authorities and government links, on transferring data transversely limits and restrictions are tightening. One of the most well-known example of both development requires European Union-domiciled cross-border banking business.
A key lawful reason for resulting issue hinges on conflicting viewpoints of seclusion rights: while the United States Of America empowers rights of free speech over seclusion, the European Union enshrines seclusion as a human right. These conflicting approaches to privacy rights have origined a cross-Atlantic disagreement for global banks. This restriction is going on as establishment seek augmented access to banks' suggestion for purpose of financial advice statecraft- the view that countries can pressure other governments' policies and actions through information.
The Cross-Atlantic Tussle over Financial Data and Privacy Rights case study solution
PUBLICATION DATE: November 15, 2013 PRODUCT #: BH573-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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