LEGAL/REGULATORY INFORMATION FORUM LUNCHEON MEETING

PERSONAL DATA PROTECTION LAW (PDPL) OVERVIEW

Guest Speaker:  Mr. Soma Somasundaram, Senior Managing Director, KPMG Business Assurance Co., Ltd.

 This presentation was in English.

The Personal Data Protection Law (PDPL) stipulates rules to protect customer information and assigns responsibility to financial institutions to ensure that concrete measures are taken to prevent the leakage of customer information. A KPMG representative addressed the management of customer information at financial institutions and the impact the PDPL has had on IBA member institutions. Specifically, he touched upon:

  1. Current status of PDPL, its timeline and major players 
  2. Domestic vs. international perspective of PDP legislation
  3. Regional banks: What are they doing?
  4. Compliance standpoint of PDPL

  5. KPMG view of PDPL