Sharing of bank records with the US started in 2001 in an effort to tackle terrorism. However, the European Parliament has rejected new proposed agreement after heated criticisms that too much private information could be handed over without good reason.
The Register reported:
The European Parliament has rejected a proposed interim agreement on SWIFT – under which the US gets access to European bank transactions…
Rapporteur Jeanine Hennis-Plasschaert from the Netherlands said the Council had not been tough enough on data protection and rules in the interim agreement on data protection were not proportionate to the security supposedly provided.
London Lib Dem MEP Sarah Ludford has been a vocal critic of the proposed agreement:
Major data protection weaknesses in the accord – such as the volume of information transferred, length of storage time, potential transfer to other agencies and third countries, and lack of rights to be informed or compensated for wrongful use – make it a bad deal for EU citizens.
Follow @LibDemVoice on Twitter
Like us on Facebook
Subscribe to our feed
Sign-up for our daily email digest
The reality that we would all be better off if we were still in the Single Market needs to be spelled out - letter to Lib Dem Leadership
Lib Dems get tough with privatised utilities
Lib Dems call for energy price cap increase to be scrapped
My tweets
Not fit for purpose?
UK's favourite parks 2022! #dundeewestend
David Evans
Merlene Emerson
Michael BG
Joe Bourke
4 Comments
This is a bit delayed, isn’t it? I got an email from Chris Davies MEP about this on Monday.
Wow. A story involving the European Parliament that’s neither yawn-inducing nor deeply dispiriting. Two questions, however, in the spirit of genuine enquiry, though no doubt stoked by the growing cynicism of my own medieval warm period:
1. Given the existence of an agreement on this since 2001, does this decision make more than a dime of difference?
2. Given that I haven’t yet fully mastered the detailed constitutional implications of the Lisbon Treaty – does the Parliament have a genuine veto in this case?
@Malcolm Todd: “Given the existence of an agreement on this since 2001, does this decision make more than a dime of difference?”
It should do, because it was only recently that the situation was changed by SWIFT moving much of their data to European data centres; there was then an interim agreement with European governments. And the EU’s position matters because all member state governments have to comply with EU data protection rules. As for your second point, the Parliament does have a veto – thanks to Lisbon. Cecilia Malmström, the new EU Justice Commissioner, is going to draft a new proposal that will have to take the criticism on board if it is to get passed by the Parliament. (Unfortunately she is quoted in the media as saying that the Parliament’s vote against the deal was a mistake – I don’t know if she is giving her opinion as a member of the Swedish Liberal party or is obliged to follow the Commission’s majority line by collective responsibility. Does it exist for the Commission?)
Thanks, Niklas.
I get the impression that there’s a sort of weak collective responsibility doctrine surrounding the Commission – they are supposed to function as a collective executive body rather than as delegates or representatives of their states (which is what makes it so horribly undemocratic). Of course. ‘collective responsibility’ in government is a constitutional convention rather than a legal or administrative rule – which doesn’t stop anyone from hiding behind it.