18 March 2024
The proliferation of open banking and open finance regimes across the globe demonstrates an ever-increasing interest of policymakers in empowering customers to take control of their data through innovative data sharing frameworks. These frameworks mostly operate within a single (e.g., financial services) sector but are poised to extend to other parts of the economy in the future – and eventually apply economy-wide.
CIBEL member Dr Anton Didenko has co-authored a new book with Dr Natalia Jevglevskaja of UNSW Law & Justice and CIBEL member Scientia Professor Ross Buckley titled ‘Customer Data Sharing Frameworks: Twelve Lessons for the World.’ The book was published as a part of Routledge’s book series: Focus on Economics and Finance.
The authors articulate the concept of economy-wide customer data sharing (CDS) frameworks, analysing in detail the main challenges associated with the development of these frameworks. The book is informed by the lessons learned from Australia’s world-first cross-sectoral Consumer Data Right regime. It develops a first comprehensive taxonomy of CDS frameworks and offers valuable insights on crucial issues of customer trust, information security, consumer protection and participant regulation.
This study formulates twelve lessons that will ultimately practically assist government officials and policymakers engaged in establishing and revising data sharing frameworks across the globe. It is an essential read for anyone interested or involved in the law and policy related to the sharing of a most precious resource in the modern economy – customer data.
Grab a copy of the book here.
Dr Anton Didenko’s research may be found at SSRN and LinkedIn.
Dr Natalia Jevglevskaja’s research may be found at SSRN.
Scientia Professor Ross Buckley’s research may be found at SSRN and LinkedIn.