UK financial regulators focus on "operational flexibility"
Operational flexibility includes judgment of financial service industry beyond commercial interests, tolerance of interruption, and promote sustainable operation.
Advertisement
Si Gyeongmin
Sep 05, 2021
The theory of information barriers believes that information barriers provide justifications for adopting special rules to regulate personal data transmission. Although the theory has been proven to have considerable influence, it is far from indisputable. It is actually based on several premises that are not generally valid.
First, the theory assumes that information barriers are not easy to overcome. This may not be true. Just as data collection technology continues to advance, so does the technology that allows people to control the data collected from it. Relatively immature consumers can learn about possible transmission restrictions by observing the terms that provide more complex parties. In addition, imperfect information is not necessarily an obstacle to mutually beneficial transactions. As consumers become more aware of the potential consequences of personal data transmission in a general sense rather than specific transactions, this misunderstanding may decrease. For all these reasons, consumers may actually be able to obtain more information than assumed by the information barrier theory.
Second, the theory assumes that a considerable number of consumers tend to impose restrictions on the use or transmission of collected data. In fact, their behavior often shows that they pay less attention to these restrictions, the so-called "privacy paradox." In addition, people's evaluations of these restrictions also vary greatly depending on different environmental factors.
Advertisement
UK financial regulators focus on "operational flexibility"
Operational flexibility includes judgment of financial service industry beyond commercial interests, tolerance of interruption, and promote sustainable operation.
The new financial order in the post-epidemic era -Part 2
NBFI is unstable due to capital liquidity mismatch and the interaction between leverage and risk management.
SoFi Personal Loans Review
Thinking about applying for a personal loan with SoFi? Read this comprehensive review to learn about the benefits and drawbacks of SoFi personal loans, as well as feedback from current and past borrowers. With this information, you can make an informed decision about whether a SoFi personal loan is right for you.
Is It Too Late to Open a Roth IRA?
You can never start saving for retirement too late. Anybody, regardless of age, can register a Roth IRA account, whether they're 22 and just starting their job or 70 and planning to retire in a few years. The money you've put into a Roth IRA can be withdrawn penalty-free if you're over the age of 5912. However, if you're planning to open an IRA shortly, you'll want to be aware of a few things.