Financial Services Joint WG Meeting: A Critical Review of the Current Situation surrounding Data/Cybersecurity Issues for Foreign FIs in China. Go back »
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Time2021-01-19 | 16:00 - 17:30
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Venue:Either offline attendance in the Chamber's office or online through Zoom
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Address:Unit 2204, Shui On Plaza, 333 Huai Hai Zhong Road,Shanghai, 200021, P.R. China
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Fee:Members: Free
The European Chamber is delighted to invite you to join the next Financial Services Joint Working Group Meeting: A Critical Review of the Current Situation surrounding Data/Cybersecurity Issues for Foreign FIs in China at 16.00-17.30 pm, 19th January 2021.
Register online or email Pablo Galvez at pgalvez@europeanchamber.com.cn before Monday 18th January, COB. You will receive a confirmation email containing the link to join the meeting via Zoom after registration closes the day before. You may also attend in person at Shanghai office. Please send an email to pgalvez@europeanchamber.com.cn if your preference is in person attendance.
Regulations on the Data/Cybersecurity realm can have substantial impacts for most of the foreign financial institutions (FIs) operations in the country. Most foreign FIs have global operation models which may be seriously affected by stringent data localisation requirements and prescriptive cybersecurity measures, which could also increase foreign FIs' operational risks and associated costs (which are main barriers for market entry). Increasing cybersecurity inspections and penetration testing requirements bring unintentional risks to FIs, which are part of interconnected global financial systems. Foreign FIs also wish to take active part in the standard-setting process (e.g. Cloud Service Standards).
This working group meeting has two objectives: 1st) To present the current situation, with its major challenges, problematics, and possible approaches to be taken by foreign FIs. 2nd) To present the advocacy strategy and position on these matters of both the European Chamber's Financial Services WGs and ASIFMA, with the aim of exchanging views on the work done on this field by both institutions so to explore possible synergies.
ASIFMA (Asia Securities Industry & Financial Markets Association) is an independent, regional trade association comprising a diverse range of over 140 leading financial institutions.
Agenda
16.00-16.05 Welcoming Remarks by Peter Ling-Vannerus, National Chair of Banking & Securities at EUCCC
16.05-16.25 Presentation by Alex Roberts, Counsel at Linklaters
16.25-16.35 Presentation by EUCCC member
16.35-16.50 Presentation by Mak Judge, Chair of Data WG at ASIFMA
16.50-17.00 Presentation by Matthew Chan, Head of Public Policy, Regulatory Affairs & Sustainable Finance (APAC) at ASIFMA
17.00-17.10 Presentation by Laurence Van der Loo, Executive Director, Technology & Operations at ASIFMA
17.10-17.30 Q & A/Discussion
17.30 Closing Remarks by Mak Judge, Chair of Data WG at ASIFMA
Speakers
Mr. Peter Ling-Vannerus
Mr. Peter Ling-Vannerus
Peter Ling-Vannerus is responsible for developing and managing the Bank’s Business in Northern China, as well as monitoring the political and economic development of China for SEB. He studied at INSEAD and Georgetown University, Washington, D.C.
Mr. Alex Roberts
Mr. Alex Roberts
Alex Roberts is a counsel in Linklaters’ China team, based in Shanghai, and is one of the lead lawyers in Linklaters’ Tech and Data Solutions group, frequently advising on PRC cybersecurity, data protection and other TMT issues. He was recently recognised as a Rising Star by Legal 500 Asia Pacific for the practices of Fintech, TMT and Corporate/M&A.
Alex’s clients cover a wide range of sectors, including financial services, automotive, consumer, healthcare and retail. His representative experience includes advising: a number of international financial institutions and other multinationals on PIPL implementation; ASIFMA on its submission to China’s National People’s Congress in relation to the draft Personal Information Protection Law and Data Security Law and to the Cybersecurity Association of China in relation to draft rules governing the protection of critical information infrastructure in China; a global online trading and investments provider in relation to the PRC legal and regulatory regime applicable to certain online and mobile aspects of its FX publication business; a leading European bank on data protection issues on the establishment of a new locally-incorporated bank in China; a worldwide provider of working capital finance on the PRC regulatory aspects of its potential expansion into the Chinese factoring market; one of Asia’s largest payment platforms on the China financial regulatory and data protection aspects of building a new cross-border e-wallet remittance service; several Singapore-based banks on data transfer considerations relating to outsourcing services to China; and a US-headquartered custodian bank on the cybersecurity and data transfer aspects of using its global services model with its Chinese banking platform.
Mr. Mak Judge
Mr. Mak Judge
Mak covers regulatory policy and affairs at Barclays, covering both markets and cyber and data related issues and working with regulators and governmental stakeholders across APAC and the EU. Prior to Barclays was previously a lawyer in the Financial Institutions Advisory practice of Shearman & Sterling LLP. During that time he worked in both the London and Singapore offices on a range of financial regulatory matters, including market infrastructure, banking resolution and cross border markets issues. Mak sits on the Public Policy Committee of ASIFMA.
Mr. Matthew Chan
Mr. Matthew Chan
Matthew is based in Hong Kong and leads the association’s policy and regulatory initiatives throughout the region for its 115-plus member firms, which comprise banks, asset managers, professional services firms and market infrastructure providers. Matthew also heads ASIFMA’s Equity Capital Markets Committee.
Matthew has 20 years of experience across financial services, B2C and B2B brands, government, technology operations, and market infrastructure. He has led and transformed teams in the UK and Asia Pacific, with responsibility for managing and growing businesses across diverse locations and cultures, strategy development and execution, navigating market structure change, regulatory affairs, operational risk management, and provision of fintech and regtech-based services. Previously, Matthew was Executive Director – Head of Institutional Trade Processing (APAC) at the Depository Trust & Clearing Corporation (DTCC) and prior to that was Director, Corporate Strategy (Global) & Head of Strategy and Marketing (APAC) for Omgeo, an international joint venture between DTCC and Thomson Reuters. He has also held corporate planning and strategy roles at PepsiCo International and Cadbury plc.
Matt graduated with a Master of Commerce degree from the Australian School of Business in 2004, and Bachelor of Engineering and Bachelor of Arts (Political Science) degrees from UNSW, Australia in 1998. In 2016, Matt completed the Asialink Leaders Program which brings together leaders from the corporate and government sectors to foster knowledge, skills and networks for effective business engagement across Asia Pacific.
Matthew holds British and Australian citizenship and qualified as a Graduate of the Australian Institute of Company Directors (GAICD) in 2018.
Ms. Laurence Van der Loo
Ms. Laurence Van der Loo
Laurence is Executive Director, Technology and Operations at ASIFMA, the Asia Securities Industry &
Financial Markets Association.
Based in Hong Kong, Laurence is responsible for coordinating ASIFMA’s Operations and Technology efforts
including regulatory implementation, cost efficiencies, KYC/AML, fintech/regtech and cyber and cloud.
ASIFMA’s work in this area includes regulatory advocacy, driving harmonization and work on industry best
practices in these areas. In addition, she oversees several of ASIFMA's regional committees in China and
India. These committees help develop and shape ASIFMA's regulatory engagement to drive capital
markets development in both countries. Laurence also supports the CEO team with ASIFMA’s corporate
governance and board processes.
Laurence has over 10 years of experience in the financial services industry. Prior to joining ASIFMA in
2016, she was responsible for European business development at Vistra Hong Kong, assisting foreign
companies and funds to set up in Asia. Before that, she managed a portfolio of Natural Resources
Companies at ING Corporate Banking in Brussels, working on numerous ECM, DCM, securitisation and
syndicated loan deals for her clients.
Laurence holds a Master Degree in Business Economics from the University of Ghent, and a Master Degree
in International Business from EAE Business School. She is member of the Exco of the Belgium-Luxembourg
Chamber of Commerce (BLCC) in Hong Kong as well as Women in Finance Asia. She is fluent in English, Dutch
and French.