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Reding: Overhaul Could Save €2.3 Billion in Costs

PRIVACY LAW—EU

September 26, 2012

EU Justice Commissioner Viviane Reding says an overhaul of EU data protection rules could save as much as €2.3 billion in administrative costs, Bloomberg reports. Reding has said a single set of data rules for the EU and a one-stop-shop for data protection will make Europe a more attractive place to do business. The proposed legislation will also provide better access to personal data, Reding and Irish Data Protection Commissioner Billy Hawkes wrote in a recent piece for the Irish Examiner. Ireland will play a key role in shaping the new rules, Reding says, as it is home to many firms handling personal data.
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