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

Upcoming Webinar: Hearing from the Experts: AI Governance Best Practices

9 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The rapid spread of artificial intelligence in the financial industry presents data teams with novel challenges. AI’s ability to harvest and utilize vast amounts of data has raised concerns about the privacy and security of sensitive proprietary data and the ethical...

BLOG

Standards and Identifiers Help to Prevent ‘Data Chaos’: Webinar Preview

Financial institutions’ absorption of ever-greater volumes of data, and their utilisation of it in a surging number of use cases, is putting strains on their data management processes. Taking the friction out of those workflows can improve performance substantially. But the absence of a unified international set of standards to ensure all data used by...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...