Research On International Legal Protection Of Personal Financial Information

Relying on the economic development of globalization, financial industry has been improved to an international level. The corporations in financial industry such as banks, securities companies, insurance companies and trust companies are ambitious and no longer setting their affairs in one area. Either in a horizon of geography areas or the operations’ structure or content, financial institutions are increasingly broadening their affairs in the environment of both development and competition. Under these sorts of marketable background, as the key element of operation, personal financial information acts an extremely essential factor in the improvement of financial organs. Normally, individual financial information has been accumulated by financial corporations for a long period and the value of these information is precious. Again, such information has the feather of property so they are exceedingly significant to the owner’s life. However, if personal financial information could be delivered without limitation, it will not only seek to a disordered surrounding of financial industry but also threatening the security of clients’ privacy and property. Therefore, scholars cannot avoid the issue of constructing a legal protection system of international personal finance information.According to the relative rules of various states and organizations, ought to differences of history, legislation and legal methodology, these elements conduce to totally dissimilar legal structure and content. Moreover, some of the legal contexts have been valid for more than 20 years so most of them are out of date currently. Thus constructing a functional and effective legal protection system of personal financial information is pressingly necessary. Author starts from comparing the differences between different legislations rules and conventions, trying to conceive a new international legal system as a way of principles with content. Meanwhile, advises of Chinese legislation in this area will be illustrated and composed.