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.
Prior check opinion regarding early detection and exclusion system database at the European Commission (Case 2016-0864)
Prior check opinion regarding remuneration policies and credits to senior officials of significant entities supervised by the ECB (Case 2017-0358)
The May 2017 edition of the EDPS Newsletter covers recently adopted Opinions on data protection and the EU institutions, digital content and the European Travel Information and Authorisation System (ETIAS), as well as many other EDPS activities.
EDPS Comments on the Proposed Regulation on controls on cash entering or leaving the union
EDPS Opinion on a Commission Proposal amending Directive (EU) 2015/849 and Directive 2009/101/EC, Access to beneficial ownership information and data protection implications