Administration To Float Legal Text Of TPP Data Fix To Cleared Advisers This Month

Administration officials this month plan to take the next step toward finalizing their proposal for shielding the financial services industry from data localization requirements it could face under the Trans-Pacific Partnership, according to informed sources. They plan to present the legal text of the proposal to cleared advisers this month, they said in an apparent reference to the Advisory Committee on Services and Finance Industries. The text is also expected to be reviewed by the industry trade advisory committees that...