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EU-USA-SWIFT: Talks on future of EU-US bank transfer agreement

01 February 2010

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Talks on future of EU-US bank transfer agreement (European Voice, link):

"The Commission has suspended drafting a mandate for negotiations on a long-term agreement until the US indicates whether it will pursue bilateral deals to gain access to European bank transfer data held by SWIFT, a consortium of international banks. SWIFT is incorporated in Belgium and has servers in the Netherlands and Switzerland, which is not a member of the EU. SWIFT said in a statement that it would continue dealing with US requests for access to data through the judicial mechanisms in place in individual member states and Switzerland."

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