Economy // Data | Digital economy

Powering up the Consumer Data Right with the Hon. Stephen Jones MP

CEDA welcomed Assistant Treasurer the Hon. Stephen Jones MP and key stakeholders who discussed the Albanese Government’s ambitions, challenges and opportunities for the evolution of the Consumer Data Right. 

Data privacy and data security are major concerns for consumers and organisations and are likely to remain so for the foreseeable future. The Consumer Data Right (CDR) is poised to be the key mechanism by which consumers make use of their data in the digital economy, with its first iteration, Open Banking now covering over 99 percent of banking customers.  

The event also featured a panel discussion with Simone Joyce Chief Executive Officer, Paypa Plane; Geoff McGrath Partner, Ashurst; Kate Crous EGM of Everyday Banking, Commonwealth Bank of Australia; The Hon Stephen Jones MP, Assistant Treasurer and Minister for Financial Services, Parliament of Australia and Darren Booth National Head of Cyber Security and Privacy Risk Services, RSM.

Thank you to our sponsors: Ashurst, Commonwealth Bank and RSM.