Swift Case

Text source, CSOonline.com, Oct 04, 2006, by Paul Meller, IDG News Service (Brussels Bureau)

Swift CFO Questioned by Euro Parliament About Data Privacy

Executives from financial data transfer company Swift and the president of the European Central Bank (ECB) faced tough questions in a European Parliament committee meeting Wednesday, about the illegal sharing of private data with U.S. authorities.

ECB chief Jean-Claude Trichet denied that the bank should have stepped in to prevent the breach of European data-protection laws, saying that the bank could only advise the Society for Worldwide Interbank Financial Telecommunication (Swift). "We have no judicial competence in the field of data protection," he said.

Full article at CSOonline.com


L I N K S

SWIFT supports calls for EU-US talks on security and data privacy Swift website

04/10/2006 - Speech: Jean-Claude Trichet: Statement by the President of the ECB at the public hearing at the European Parliament on the interception of bank transfer data from the SWIFT system by the US secret services. European Parliament website

04/10/2006 SWIFT: EDPS preliminary findings on the role of the ECB (press release). EDPS, European Data Protection Supervisor