Central Banking

ECB rapped by EU privacy regulator over Swift

The EU's data protection supervisor, Peter Hustinx, said Thursday 1 February that it was unacceptable for confidential data to be handed to US authorities and the European Central Bank should do more to control the Swift payment transactions network.

"Just as other banks, the ECB cannot escape some responsibilities in the Swift case, which has breached the trust and private lives of many millions of people," the EU's data protection supervisor, Peter Hustinx, said on Thursday 2 February. "Secr

To continue reading...