About a-team Marketing Services
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: Executing the Migration to Cloud to Enable Scalability and Innovation

Cloud-based services and processing have become essential to financial institutions as their data management demands have become more complex and expansive. Thousands of organisations have made the jump from their limited on-premises tech stacks to the near-infinite scalability opportunities of public and private clouds. They have also been motivated by the need to modernise their...

BLOG

Broker Licensing Agreements Under Scrutiny as AI Reshapes Buy-Side Data and Research Market

Traditional data and research purchase arrangements may be holding back the buy-side from using artificial intelligence to take full advantage of new sources of market and other information. Restrictions associated with broker and data licensing agreements were cited as the biggest barrier to adoption of direct data and research feeds by two-thirds of global asset...

EVENT

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

Now in its 9th 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

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...