The financial crisis has emphasised the need to harmonise rules on the functioning of financial markets, a crucial source of financing in today´s economy. The EU actively tries to improve, in particular, the accountability of financial institutions and transparency of financial markets, at the same time combatting tax evasion and money laundering. These legitimate policies often require, in practice, the collection, use and storage of large amounts of personal information. Therefore, it is necessary to balance public policy objectives with the fundamental rights to privacy and data protection.
Letter to Ms Cecilia Malmström, European Commissioner for Home Affairs
Opinion on a proposal for a Regulation of the European Parliament and of the Council creating a European Account Preservation Order to facilitate cross-border debt recovery in civil and commercial matters, OJ C 373/03, 21.12.2011, p.4
Opinion on the proposal for a Directive of the European Parliament and of the Council on credit agreements relating to residential property, OJ C 377/02, 23.12.2011, p.5
EDPS letter on the Commission's Communication "Fighting Corruption in the EU" and the Commission Decision establishing an EU Anti-corruption reporting mechanism for periodic assessment