US Cos. Must Play By EU's Privacy Rules, Official Says

Law360, New York (March 8, 2013, 3:59 PM EST) -- European Union Justice Commissioner Viviane Reding on Thursday warned that Google Inc., Facebook Inc. and other companies operating outside the bloc must comply with the commission’s proposed rules tightening the EU’s data protection regime if they wish to do business on the continent.

At a conference on cloud computing in Brussels, Reding emphasized that the bloc’s new data protection rules must apply to all businesses serving EU residents, and that non-European countries would not be exempted from the stringent new regime. The proposed reforms would place...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

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.