About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Seven Principles of a Data Ethics Framework

Subscribe to our newsletter

The issue of data ethics is surfacing at financial firms following the focus on data privacy required by General Data Protection Regulation (GDPR) compliance and the arrival of artificial intelligence (AI) applications in the workplace. It’s a difficult issue to manage as it can be interpreted in many ways, so how best can you address data ethics and make them part of the fabric of your organisation?

Lorraine Waters, chief data officer, financial crime risk, HSBC, will detail how the bank has built a framework for data ethics that draws on her experience in data governance and data strategy at next week’s A-Team Group Data Management Summit in London. She comments: “We need to be able to stand by our use of data, for the bank, our customers, and the community we work with.”

Data ethics is top of the house at HSBC with board attention and the development of seven practical and applicable, useful and reusable principles and guidelines that are shared with data management practitioners. The data ethics principles cover consistency with HSBC values, data privacy, clearly defined purposes of data use, unfair bias and decision making, responsibility for AI, adaptable data governance and ongoing development of best practice.

Waters says the inclusion of data ethics at HSBC is going well, with policy weaving the principles and guidelines into the bank’s risk and control framework, and an agile approach to data governance and ethical considerations helping to keep up with change in a data driven organisation.

One caveat Waters points to is people’s excitement around technology. She explains: “We have a partnership with The Alan Turing Institute that focuses on innovative capabilities. Data scientists want to get the most out of data, but equally we need to reign in technology and employ data governance to ensure we meet our data ethics principles.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Are you making the most of the business-critical structured data stored in your mainframes?

Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise and making it available and actionable to everyone who needs it is extremely difficult....

BLOG

Mainframes’ Utility in Deriving Value from Data Endures: Webinar Review

Despite advances in modern data architecture and hosting strategies, a majority of financial firms still house more than half of their data on mainframes, presenting them with novel data management pressures, an A-Team Group webinar discussed. Capital market participants and data professionals who viewed the event – entitled Are you making the most of the...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...