摘要：Professor Reidenberg addresses the challenge to transnational financial services resulting from national regulation of information processing. National laws around the world seek to define fair information practices for the private sector and contain prohibitions on data transfers to foreign destinations that lack sufficient privacy protection. The effect of these laws for the financial services industry is significant because financial services depend on personal information. Professor Reidenberg argues that the international attempts to harmonize information processing encourage divergence of national standards for financial services. He argues that regulatory flexibility and customization is necessary to support financial sevices and accomodate, without circumventing, divergent national standards of fair information practices. Professor Reidenberg's theme of convergence focuses on bridging national differences, rather than on harmonizing national standards. He concludes by offering a shared rule to manage regulatory differences that enables the use of a set of legal, technological and social techniques. Thus, Professor Reidenberg proposes convergence on a flexible and customized way to bridge national differences.
关键词：privacy; transnational financial services; international finance; regulation; information processing; personal information; international law
