29 August 2016
Find out more

EU and US ink Swift data sharing deal

29 June 2010  |  7464 views  |  0 operating centre 4

The European Union and United States have finally inked a deal on the provision of access to EU bank data passed over the international Swift network.

The five year agreement, which will automatically be extended for subsequent periods of one year unless blocked, was signed by Alfredo Pérez Rubalcaba, Spain's interior minister, and Michael Dodman, the chargé d'affaires of the US mission to the EU.

It still needs to be approved by the European Parliament, which rejected a provisional agreement between the EC and the US in a vote in February.

However, Liberal MEPs are expected to back the latest offering which assigns Europol the role of verifying that data requested by the US is needed for tracking terrorism. It also gives Europeans the right to block transfers of their personal data.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

MEPs clash with Commission over new EU-US Swift data deal

MEPs clash with Commission over new EU-US Swift data deal

08 April 2010  |  7078 views  |  0 comments
Europe demands reciprocal access to US bank account data in Swift row

Europe demands reciprocal access to US bank account data in Swift row

26 March 2010  |  10370 views  |  0 comments
Parliament votes to scrap EU-US Swift data transfer deal

Parliament votes to scrap EU-US Swift data transfer deal

11 February 2010  |  8719 views  |  0 comments
Liberal leaders threaten to derail EU-US Swift data deal

Liberal leaders threaten to derail EU-US Swift data deal

19 January 2010  |  8068 views  |  0 comments
EU reaches deal on transfer of Swift data to US

EU reaches deal on transfer of Swift data to US

30 November 2009  |  8126 views  |  0 comments
Swift to invest EUR150 million in new data centre ops

Swift to invest EUR150 million in new data centre ops

02 October 2007  |  6208 views  |  0 comments
EU agrees Swift data sharing deal

EU agrees Swift data sharing deal

28 June 2007  |  7172 views  |  0 comments
European Parliament and ECB at loggerheads over Swift oversight

European Parliament and ECB at loggerheads over Swift oversight

15 February 2007  |  7733 views  |  0 comments
EU panel slams Swift data tapping

EU panel slams Swift data tapping

23 November 2006  |  8204 views  |  0 comments
Swiss banks slammed for Swift data searches

Swiss banks slammed for Swift data searches

17 October 2006  |  9632 views  |  0 comments
Swift comes out fighting over data privacy controversy

Swift comes out fighting over data privacy controversy

09 October 2006  |  7169 views  |  0 comments
UK watchdog to probe Swift data searches

UK watchdog to probe Swift data searches

21 August 2006  |  8091 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit equens.comVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
hands typing furiouslyBig Data's Three Big Trends in 2016
8414 views 5 | 22 tweets | 13 linkedin
hands typing furiouslyHow Banks Are Losing Millions by Ignoring...
7990 views 11 | 24 tweets | 10 linkedin
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
7295 views comments | 18 tweets | 21 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
6857 views comments | 18 tweets | 21 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6390 views comments | 14 tweets | 14 linkedin

Featured job

Find your next job