to help enterprise security across Europe
The resource centre for busy senior executives seeking the latest insights into IT Compliance & Privacy issues for major organizations
 
sarbaines oxley ofcom communications regulator
Latest Resources      data protection register
compliance resources privacy resource center

Breaking Global News
Global Compliance and Privacy News
- Breaking News, updated every 30 minutes
•   Compliance, Privacy and Security
•  Money Laundering
•  Phishing
•  Regulatory Issues
•  SOX, Basel 2, MiFID


You Tell Us:
S
S
L

T
E
C
H
N
O
L
O
G
Y
We use SSL Technology for web data entry points:

Always
Sometimes
Never
What is SSL?

News
Are Smartphones Endangering Security? - Wick Hill
Dealing with Internet Security Threats - Ian Kilpatrick
How the New EU Rules on Data Export Affect Companies in and Outside the EU - Thomas Helbing
Farmers' Data Leak Highlights Old Technology Use - Wick Hill
Saving Money with SFTP - Wick Hill
UK Information Commissioner targets firm selling vetting data - Eversheds e80
12 Key Steps to Internet Security - Wick Hill
Telephone Monitoring Legality in the UK - Dechert
Firewall or UTM - Wick Hill
UK Information Commissioner demands mobile device encryption - Eversheds e80
Data loss - liability, reputation and mitigation of risk - Eversheds e80
Phorm, Webwise and OIX - BCS Security Forum
The challenges of PCI DSS compliance - Thales, Russell Fewing
"Quality" Data Vendor Spams us! Editor astounded!
National Gateway Security Survey 2008 - Wick Hill
Unified Threat Management - Watchguard Technologies

news archives
:
0 | 1 | 2 | 3 | 4 | 5 |
6 | 7 | 8 | 9 | 10 | 11 |
12 | 13
[What is this?]

Industry Blogs
Tim Berners Lee's Blog
Tim Callan's SSL Blog
Davis Wright Tremaine's Privacy & Security Law Blog
Emergent Chaos Blog
Michael Farnum's Blog
Phillip Hallam-Baker's Blog - The dotFuture Manifesto: Internet Crime, Web Services, Philosophy
Stuart King's Security and Risk Management Blog
David Lacey's IT Security Blog
Metasploit Official Blog
Jeff Pettorino's Security Convergence Blog
Jeff Richards's Demand Insights Blog
David Rowe's Risk ManagementBlog
Bruce Schneier's Security Blog
Larry Seltzer's Security Weblog
Mike Spinney's Private Communications Blog
Richard Steinnon's Threat Chaos Blog
The TechWeb Blog
Tim Trent's Marketing by Permission Blog
Rebecca Wong 's DP Thinker Blog

Newsletters
23 February Newsletter
Newsletter Archives are located in "News"

Industry Update
Internet Security Intelligence Briefing - November 2005
Find out the latest trends in e-commerce, web usage & the latest threats from adware/Spyware

Reports
Phorm, Webwise and OIX
- BCS Security Forum

'The Any Era has Arrived, and Everyione has Noticed' - Stratton Sclavos - VeriSign
Identity Security - Time to Share
Malicious code threats - iDefense
Public Alerts - updated as they happen from Stopbadware.org
Public Alerts - updated as they happen from Websense
Public Advisories - updated as they happen, from iDefense
Phoraging - Privacy invasion through the Semantic web: a special report by Mike Davies of VeriSign

Legislation
Privacy Laws & Business International E-news, Issue 57
Privacy Laws & Business UNited Kingdom E-news, Issue 60

Security Reviews
February 2007 - VeriSign Security Review
The security review archive is here

Case Studies
Finance Industry
Case Study Example

A case study on a Finance industry company.

White Papers
VeriSign® Intelligent Infrastructure for the 21st Century
VeriSign® Intelligent Infrastructure for Security
VeriSign® Intelligent Infrastructure: An Overview
Identity Protection Fraud Detection Service - description of the service
Life of a Threat - Video on Threat Management Lifecycle
Optimizing Enterprise Information Security Compliance - Dealing with all the audits
For a full list of all whitepapers, visit our Whitepaper library

Legal Notices
Privacy Policy
Terms of use

basel 2 sarbanes oxley
    legislation
data controller notification binding corporate rules BCR data transfer third countries third part data transfer basel 2 regualtor regulation regulate FSA banking network security RSA encryptin algorithm Bits sacked bank staff
Blogs compliance Reports compliancy Legislation Data Protection Case Studies data privacy White Papers data protection act News information commissioner Events security standards Links information security iDefense
Retail Solutions

Brussels Pauses Financial Regulations

compliance and privacy

Current News Updates

Brussels Pauses Financial Regulations

Brussels has granted the financial sector a breathing space in the welter of Regulations after the huge number than that have been imposed over the last very few years. Many planned items are "paused"

Charlie McCreevy had promised to spare Europe's financial services a fresh spate of legislation from Brussels in a Green paper earlier in 2005, and now in a white paper, which has a more definitive status, this is confirmed. This potential pause will be a major relief to the financial services sector that has been struggling to digest the new Basel capital adequacy regime and the markets in financial instruments directive (Mifid), as well as absorbing many earlier regulatory changes.

Brussels still has some projects in hand, though. One is the promotion of cross-border mortgage lending on which the Commission recently issued a green paper. The Financial Times said then "what can be done for mortgage borrowers in terms of providing them with information has largely been done through a code of conduct, and what remains to be done for lenders in terms of harmonising cross-border access to land registries and credit rating data may be undoable."

The Commission says it is also looking at action to try to ease the opening of bank accounts and to promote investment funds so that the latter can play their part in solving the pension crisis.

Focus on Correct Operation of Existing Legislation

Wisely, the Commission is focusing much more on making the new legislation work properly. The first stage involves ensuring that member states accurately transpose the legislation, and neither weaken it nor reinforce it with gold plating. The Commission created some confusion in its earlier green paper by talking of a "single European rule book", which gave the impression that Brussels was aiming at creeping centralisation.

Not so. Instead the EU executive states that what it wants to do is to institute an overall legal "consistency check" so as to remove any overlaps, conflicts and duplications between national regulators. The first of these is to be made in the securities sector.

Yield Jurisdiction Back to "HQ Nation"

Achieving consistency in regulating a multinational financial services company may involve some member state supervisors ceding jurisdiction to the regulator where the company is headquartered. A first sign of this is the German and Italian regulators striking a formal agreement on how to supervise Italy's UniCredito following its takeover of Germany's HVB bank.

 


This site is independent of all its sources
The contents of the site are sourced from across the industry. All copyrights are acknowledged.