The European Commission has been given a fresh mandate to negotiate with the US on that country’s access to European banking records. The last agreement was rejected by the European Parliament. Whatever new deal the Commission and US authorities come to must be approved by a majority of EU states and by the Parliament. […]…
Tag: SWIFT
EU lawmakers reject bank data deal with US
Aoife White of the Associated Press reports: The European Parliament on Thursday strongly rejected a deal that would have allowed U.S. authorities access to European bank transfers, allegedly to track funds supporting terror groups. EU lawmakers in Strasbourg, France voted 378-196 against the deal with 31 abstentions. The parliament’s president, Jerzy Buzek, said the assembly…
Berlin tries to torpedo EU deal with US for bank data exchange
German Justice Minister Sabine Leutheusser-Schnarrenberger said on Friday Berlin would try to stop an EU agreement to transfer bank information to the United States. “The federal government has distanced itself from the SWIFT agreement,” she told the Berliner Zeitung daily. “I consider it unfortunate that the EU is trying to push through this agreement according…
EU speaks out on US bank data access
Shaun Nichols reports: Members of the European Union’s Civil Liberties Committee have questioned European banking officials after access to bank data was granted to US authorities. The committee issued a statement on Monday expressing concerns over possible privacy and data protection violations within Europe’s Swift financial transition network. Advertisement US officials have been requesting bank…