Feeds

MEPs to US: Hands off our bank accounts

So long SWIFT

Maximizing your infrastructure through virtualization

The European Parliament has rejected a proposed interim agreement on SWIFT - under which the US gets access to European bank transactions.

The wholesale export of all our bank statements began after 2001 in the name of the war on terror.

The Parliament rejected the agreement by 378 votes to 196 with 31 abstentions. A proposal to delay the vote was rejected by 290 votes to 305 with 14 abstentions.

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.

The new rules governing data exchange between the EU and the US were required because of changes to the infrastructure - data was previously stored on servers in the US, it will now be stored in Switzerland.

The European Commission is holding an open public consultation on the future of SWIFT.

Earlier this week the US was threatening to make data sharing agreements with individual countries if the EC failed to reach agreement. The difficulty for the US is that individual nations remain bound by EC data protection regulations.

The issue is also the first time the European Parliament has exercised its new powers over EC foreign policy.

Full statement is here. ®

Top three mobile application threats

More from The Register

next story
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.