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EU Committee Says No To Bank Data Sharing

Posted by kdawson on from the over-here-we-still-have-privacy dept.

krupert writes to let us know that the civil liberties committee of the European Parliament has voted to revoke the data-sharing arrangement by which US intelligence agencies have access to EU banking data via the SWIFT system. The US has threatened to withhold cooperation on terrorist intelligence if the bank data deal now in place is canceled, which it will be next week if the full European Parliament votes in line with the committee's recommendation. US intelligence agencies clandestinely tapped the SWIFT interbank clearing data from just after 9/11 until 2006, when the secret arrangement was made public. After that, Belgium-based SWIFT pulled their servers from the US and set up shop in Brussels, and the US had to negotiate with the EU to keep tapping the data.

1 of 160 comments (clear)

  1. Not quite by Elektroschock · · Score: 5, Informative

    --- Problem ---

    • The current agreement is unacceptable for Europeans and would be interim anyway
    • The US embassador to the European Union, William Kennard blackmailed members of the European Parliament and the leaders of the groups. He has to abstain from interference into the inner affairs of the EU and violated the rules of diplomatic conduct. His black mail attempt was foolish because it is impossible for member states to enter bilateral agreements with the US and that would be an unbearable and illegal act of illoyality. His bluff: 'I am unsure whether Washington agencies would again decide to address this issue at EU level'
    • The European Commission thought they could ignore the European Parliament as the competent body. Currently a new Commission is put into office.
    • SWIFT data is toxic and European financial institutions are very sensitive about this. The use of the SWIFT data for anti-terrorism purposes is fishy.
    • Europeans get nothing in return for the transmission of their sensitive data

    --- Process ---

    Agreement between the EU and the USA on
    the processing and transfer of Financial Messaging Data from the
    European Union to the United States for purposes of the Terrorist
    Finance Tracking Program, Rapporteur: Jeanine Hennis-Plasschaert (A7-0013/2010)

      ---- Scenarios and options ----

    • Restore the honour of the US diplomatic corps by a dismissal of the offender Kennard
    • Interinstitutional deal and adoption (Clinton)
    • Rejection by the European Parliament plenary and renewed referral.
    • Even stronger resolution by the European Parliament than what the Committee proposed, given the latest incidents.

    A rejection is currently likely. See the debate and voting timetable at Seance en direct.

      ---- Documents ----