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Freshfields TQ

Technology quotient - the ability of an individual, team or organization to harness the power of technology

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China introduces comprehensive new cyber security rules for the banking industry

China’s chief banking regulator, the China Banking Regulatory Commission (CBRC), has implemented new rules that will have sweeping consequences for vendors supplying hardware and software to China’s banking industry. Among other changes, the rules will require the source code for software applications used by banks to be submitted to the CBRC.

Our US and China teams have produced a comprehensive summary of the new rules.

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americas, gdpr