Inside The EU Data Privacy Proposal

Law360, New York (February 6, 2012, 2:00 PM EST) -- The long-awaited proposed revision to the privacy and data protection regime within the European Economic Area was released on Jan. 25, 2012. The 118-page proposal for a regulation of the European Parliament and of the European Council gives consumers new rights and imposes new obligations on businesses in a system that defines "personal data" to include device identifiers and applies to data processing outside the EU.

Penalties could reach 2 percent of annual turnover, potentially meaning billions of dollars for major companies, and the Article 29...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.