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.
Opinion on the proposal for a Directive of the European Parliament and of the Council on credit agreements relating to residential property, OJ C 377/02, 23.12.2011, p.5
EDPS letter on the Commission's Communication "Fighting Corruption in the EU" and the Commission Decision establishing an EU Anti-corruption reporting mechanism for periodic assessment
Opinion on the Proposal for a Regulation of the European Parliament and of the Council establishing technical requirements for credit transfers and direct debits in euros and amending Regulation (EC) No 924/2009, OJ C 284/01, 28.09.2011, p.1
Opinion on the Proposal for a Regulation of the European Parliament and of the Council on energy market integrity and transparency, OJ C 279/03, 23.09.2011, p.20