Formal comments of the EDPS on a proposal for a Directive of the European Parliament and of the Council on the issue of covered bonds and covered bonds public supervision and amending Directive 2009/65/EC and Directive 2014/59/EU

Formal comments of the EDPS on the Proposal for a Regulation establishing a framework for screening of foreign direct investments into the European Union.

Prior check opinion regarding remuneration policies and credits to senior officials of significant entities supervised by the ECB (Case 2017-0358)

As part of its banking supervision role, the European Central Bank has to assess and approve significant supervised entities’ remuneration policies. This may result in adverse consequences to employees of significant supervised entities, possibly excluding them from rights under their employment contracts.

The ECB also has a role to play concerning loans of significant supervised entities to their own employees, which may also result in refusing loans to them, thus excluding them from a contract.

EDPS Comments on the Proposed Regulation on controls on cash entering or leaving the union

The Union Internationale des Avocats (UIA) will hold a two-day seminar on data protection in the FinTech, insurance and medical services sectors. Hosted by the European Court of Justice in Luxembourg, the event is open to both lawyers and non-lawyers and will take place between 30 September and 1 October 2016.

The FinTech, insurance and medical services sectors all face common challenges when dealing with particularly sensitive data. While big data and new technologies have created new opportunities for these sectors, these developments also raise significant data protection concerns. The seminar will explore the challenges of finding a balance between the adoption of these new technologies, the search for competitiveness and the need to protect personal data, and how we can address them. Conclusions will be presented by European Data Protection Supervisor Giovanni Buttarelli alongside Dean Spielmann, a judge at the General Court of the European Union.

More information on the event and how to register can be found in the event programme.

EDPS Decision pursuant to Article 9(7) of Regulation (EC) No 45/2001 concerning the transfers of personal data carried out by the European Central Bank for its supervisory activities (Case 2016-0308)

The December 2015 edition of the EDPS Newsletter covers the EDPS Opinions on Big Data and Digital Ethics and many other EDPS activities.

Opinion on a notification for prior checking receivedfrom the Data Protection Officer of the European Investment Fund (EIF) regarding data processing in the context of the transactional due diligence process (Case 2014-0725)

2014 was a year of transition for the EDPS, marked by the delayed selection and appointment of a new Supervisor and Assistant Supervisor. Despite the resulting uncertainty, the EDPS under the calm authority and tireless efforts of Peter Hustinx, whose 10-year tenure as EDPS drew to a close in 2014, continued to make significant progress in mainstreaming data protection in EU policymaking.

Building on this legacy, the EDPS' priorities for 2015, as part of the five year strategy of the dynamic team of new Supervisors, is to help the EU to speak with one voice on data protection to uphold the rights and interests of the individual in our digitalised society. To this end, the adoption of the data protection reform will be a significant milestone for Europe and an important message to the rest of the world.