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: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

ESMA’s “Data Day” and Regulatory Digitalisation

When ESMA convened its first ‘Data Day’ on 2 December 2025, the agenda title – “Burden reduction in the digitalisation era” – captured a shift that has been building across Europe’s regulatory landscape for several years. While markets been advancing shared data models and machine-executable reporting logic through initiatives such as the Common Domain Model...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2014

Welcome to the inaugural edition of the A-Team Regulatory Data Handbook. We trust you’ll find this guide a useful addition to the resources at your disposal as you navigate the maze of emerging regulations that are making ever more strenuous reporting demands on financial institutions everywhere. In putting the Handbook together, our rationale has been...