European Data Protection Supervisor
European Data Protection Supervisor

Finance & Economy

Finance & Economy

The financial crisis has emphasised the need to harmonise rules on the functioning of financial markets, a crucial source of financing in today´s economy. The EU actively tries to improve, in particular, the accountability of financial institutions and transparency of financial markets, at the same time combatting tax evasion and money laundering. These legitimate policies often require, in practice, the collection, use and storage of large amounts of personal information. Therefore, it is necessary to balance public policy objectives with the fundamental rights to privacy and data protection.

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08/07/2015
8
Jul
2015

EU-Switzerland agreement on the automatic exchange of tax information

Opinion on the EU-Switzerland agreement on the automatic exchange of tax information

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02/07/2015
2
Jul
2015

2014 Annual Report - EU Data Protection Reform: a historic opportunity for Europe

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.

Full text of the Annual Report:PDF icon
17/06/2015
17
Jun
2015

Exchange of information in the field of taxation

EDPS comments on a proposal for a Council directive amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation

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05/06/2015
5
Jun
2015

Anti-fraud investigations and data protection in the EU

Speech given by Giovanni Buttarelli at the European Anti-Fraud Congress, Brussels

13/05/2015
13
May
2015

Anti-Money Laundering and Financing of Terrorism (AML-CFT) - EIF

Opinion on a notification for prior checking received from the Data Protection Officer of the European Investment Fund (EIF) regarding the processing of personal data in the context of Anti-Money Laundering and Financing of Terrorism (AML-CFT) (Case 2014-0908)

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03/12/2014
3
Dec
2014

Financial rules applicable to the general budget of the Union

EDPS comments on a proposal for a Regulation of the European Parliament and of the Council amending Regulation No 966/2012 on the financial rules applicable to the general budget of the Union

25/11/2014
25
Nov
2014

Rebuilding trust in financial services markets: 10 steps for responsible handling of personal information

Data protection can support the European economy, said the European Data Protection Supervisor (EDPS) today, following the publication of his Guidelines on data protection in EU financial services regulation.

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03/11/2014
3
Nov
2014

Breach Reporting Mechanism - ECB

Opinion on a notification for prior checking received from the Data Protection Officer of the European Central Bank (ECB) regarding the "Breach Reporting Mechanism (BRM)" (Case 2014-0871)

03/11/2014
3
Nov
2014

Single Supervisory Mechanism - ECB

Opinion on a notification for prior checking received from the Data Protection Officer of the European Central Bank (ECB) regarding the prudential supervisory processes to be established as part of the Single Supervisory Mechanism (Case 2014-0888)

31/10/2014
31
Oct
2014

Newsletter Nr. 43

The October 2014 edition of the EDPS Newsletter covers the upcoming appointment of a new team of EDPS Supervisors, the EDPS Position Paper on international data transfers and many other EDPS activities.

28/10/2014
28
Oct
2014

Shareholders Rights Directive

Opinion on the Commission Proposal for a Directive of the European Parliament and of the Council regarding the encouragement of long-term shareholder engagement and certain elements of the corporate governance statement

22/07/2014
22
Jul
2014

Early Warning System (EWS) - REA

Opinion on a notification for Prior Checking received from the Data Protection Officer of the Research Executive Agency regarding the processing operation on personal data concerning the "Early Warning System (EWS) at the Research Executive Agency" (Case 2012-0981)

11/07/2014
11
Jul
2014

Reporting and transparency of securities financing transactions

Opinion on the proposal for a Regulation of the European Parliament and of the Council on structural measures improving the resilience of EU credit institutions and on the proposal for a Regulation of the European Parliament and of the Council on the reporting and transparency of securities financing transactions    

01/07/2014
1
Jul
2014

Management of the administrative and financial files of interinstitutional crèches and childcare facilities - OIB

Opinion on the notification for prior checking concerning the processing operation "Management of the administrative and financial files of interinstitutional (after-school and outdoor) crèches and childcare facilities by the OIB" (Case 2012-0419)

17/04/2014
17
Apr
2014

European Terrorist Finance Tracking System (TFTS)

EDPS comments on the Communication from the Commission to the European Parliament and the Council on a European Terrorist Finance Tracking System (TFTS) and on the Commission Staff Working Document - Impact Assessment accompanying the Communication from the Commission to the European Parliament and the Council on a European Terrorist Finance Tracking System (TFTS)

01/04/2014
1
Apr
2014

A single set of rules for all: EU Data Protection Reform can support businesses and protect citizens

The reform of the EU rules on data protection will support the recovering but still fragile European economy, said the European Data Protection Supervisor following the presentation of his Annual Report of activities for 2013 to the Committee on Civil Liberties, Justice and Home Affairs (LIBE) at the European Parliament.

26/03/2014
26
Mar
2014

Privacy and competitiveness in the age of big data

The collection and control of massive amounts of personal data are a source of market power for the biggest players in the global market for internet services, said the European Data Protection Supervisor (EDPS) today. Personal information has become a form of currency to pay for so-called 'free' online services and is a valuable intangible asset for an increasing number of companies doing business in the EU. This requires closer interaction between different regulators.

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17/03/2014
17
Mar
2014

Panel for Financial Irregularities - ECA

Opinion of 17 March 2014 on the notification for prior checking received from the Data Protection Officer of the European Court of Auditors concerning the ECA's Panel for Financial Irregularities (Case 2013-0846)

03/03/2014
3
Mar
2014

Early Warning System - ERCEA

Opinion of 3 March 2014 on a notification for Prior Checking received from the Data Protection Officer of the European Research Council Executive Agency regarding the use of the Early Warning System by the European Research Council Executive Agency (Case 2012-0823)

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