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Tag Archives: EU

European Banking Authority Publishes Draft Recommendations for Cloud Computing

Posted in Fintech, Regulatory Compliance

In March 2017, the European Commission (EC) issued a public consultation document on Fintech. Cloud computing is a major area covered by the EC request for comment and requires delicate balancing between innovation and risk minimization. On one hand, cloud is an easily scalable and cost effective way for financial institutions to manage their data storage and processing.  However, cloud also presents major banks with increased cybersecurity and compliance risk.  The topic of cloud is particularly relevant because certain Fintech enterprises may not be subject to the same regulatory constraints as major financial institutions.

The European Banking Authority (EBA) published … Continue Reading

EU-US Privacy Shield: Agreement in Principle on Framework To Replace Safe Harbour

Posted in Privacy

Regular readers of this blog will be aware that, last fall, the Court of Justice of the European Union struck down the Safe Harbour framework which permitted the lawful transfer of personal information from the EU to the US through a self-certification model.  Negotiations between the European and US authorities to update or replace the framework were already underway prior to this decision, but the Court’s intervention raised the stakes dramatically.  The Article 29 Working Party (WP29) had set a deadline of the end of January after which European Data Protection Authorities (DPAs) might begin coordinated enforcement actions against organizations … Continue Reading

EU Parliament Adopts New Net Neutrality Rules Allowing Content Optimized Services

Posted in Regulatory Compliance

European Union member states have a new net neutrality framework that will allow service providers to offer specialized services – such as improved internet quality for IPTV – where the upgrades do not impact general Internet quality for other end-users.

On October 27 the European Parliament passed a new electronic communications Regulation, with a view to protecting net neutrality. Broadly speaking, net neutrality is the principle that all Internet traffic should be treated equally regardless of content or volume. The European Parliament adopted a Regulation laying down measures concerning open access. The new Regulation also amends Directive 2002/22/EC on universal … Continue Reading

Barry Sookman comments on Google privacy case

Posted in Consumer Protection, Privacy

Our partner Barry Sookman was interviewed by CTV News Channel this morning to discuss today’s Court of Justice of the European Union judgment concerning Google and ordinary people’s “right to be forgotten”. The Court ruled that Google must amend some of its search results at the request of ordinary people when the results show links to outdated, irrelevant information. The case is bound to lead to further questions about the scope of the duties of search engines such as Google under EU laws.

View the interview here.… Continue Reading