European Parliament May Reject New Banking Data Deal
PRIVACY LAW—EU & U.S.June 18, 2010
MEPs who rejected the SWIFT deal back in February are voicing resistance to the new EU-U.S. bank data transfer agreement negotiated by the European Commission, EUobserver reports. "We regret that the European Commission seems to have already closed the negotiations on a draft agreement that is far from being approvable," said MEP Martin Schulz. The primary focus of concern is with the transfer of bulk data, the report states, as MEPs want information filtered in the EU before it is sent to the U.S. for processing. MEP Jan Philipp-Albrecht said the plan would allow "bulk data about completely unsuspicious persons" to be sent to the U.S., violating the EU Charter of Fundamental Rights.