Tag: SWIFT

A deal to strengthen data protection rules in EU-US anti-terror investigations has riled some member states, who will be seeking "a seat" at the transatlantic negotiating table during a meeting of justice ministers in Brussels today (2 December). 

The European Parliament is tomorrow (8 July) expected to rubber-stamp a revised EU-US agreement on bank data-sharing, called 'SWIFT', that is set to give significant new powers of oversight to US anti-terror investigators. Some MEPs feel, however, that the ongoing saga represents "misuse" of parliamentary power.

A new EU-US anti-terror agreement still infringes the European Union's laws on data protection and civil liberties, say MEPs who, following talks with the European Commission today (10 June), plan to vote against the accord. 

The European Commission and the US Treasury yesterday (11 May) began a series of talks on the contested financial data sharing deal to combat terrorism in an effort to clinch an agreement before the end of June 2010, Commission sources said. 

Despite staunch German opposition to parts of a draft EU-US bank data-sharing deal to counter terrorism, EU ministers will today (23 April) give the European Commission their blessing to renegotiate the revised agreement.

Socialist MEPs today (18 March) returned from two days of talks with high-level US officials, including Deputy Secretary of State James Steinberg, to explore grounds for a compromise on the SWIFT data-sharing agreement, after an interim deal was blocked by the European Parliament last month.