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MEPs Wary of SWIFT Happenings

FINANCIAL PRIVACY—EU

February 28, 2011

Members of the European Parliament are expressing concern that officials in charge of a financial data sharing agreement with the United States are withholding information about the now six-month-old arrangement, EUobserver reports. One Dutch MEP--Sophie in 't Veld--described behind-closed-doors meetings and stonewalling as "a symptom of a widespread culture of secrecy and reluctance to be held accountable." She warned that "There are more agreements coming up which need our consent. Not answering questions and dodging information requests is certainly not fostering mutual trust among EU institutions." Germany's data protection authority continues "to monitor with criticism the implementation of the agreement," according to the report.
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