International Experience and China's Approach to Financial Data Governance

Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v4i6.1503

Yiming Chen

Fujian Normal University, Fuzhou 350117, Fujian, China

Abstract

With the rapid development of the financial industry and the improvement of information technology, data has become an important asset in the financial industry, and financial data governance has become an important issue in the industry. Financial data governance is necessary for ensuring data security, improving data value, promoting data circulation, and facilitating risk management. However, in practice, there is insufficient attention to the risks in the data governance process, resulting in many problems in the field of data governance. The author summarizes the dilemma of global financial data governance issues through literature analysis and case analysis, analyzes the successful experience of foreign financial data governance, draws on advanced governance models outside the region, combines with the actual situation in China, further localizes the practice, and proposes a governance path with Chinese characteristics, that is, to improve the existing legal system of financial data governance in China, improve the regulatory mechanism of multi-subject collaborative governance, actively promote the cross-border flow of financial data, and enhance the ability and standardization of financial data governance in China.

Keywords

financial data, governance, international experience

References

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Copyright © 2023 Yiming Chen

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