Page 97 - ITU-T Focus Group Digital Financial Services – Recommendations
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ITU-T Focus Group Digital Financial Services
                                                      Recommendations



               information could implicate both authorities, making it all the more important that agencies coordinate their
               efforts.

               Finally, based on these efforts, regulators and policymakers (to the extent legislative action is needed) can move
               progressively to develop a plan to ensure that DFS consumers have reasonable data protection. This can be
               accomplished in several ways, including calls for new legislation, issuance of new regulations, interpretations
               of law and regulatory guidance, and through encouraging voluntary industry efforts.  Some jurisdictions
               are adopting comprehensive data protection laws and establishing commissions to implement them, such
               as Ghana; others, such as Uganda, are considering similar moves.  These efforts could be undertaken in
               conjunction with industry self-regulatory initiatives and consumer education, so there is a balanced approach
               that benefits all DFS participants.








































































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