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EU-USA-SWIFT: European Commission proposals for new SWIFT negotiations with the USA for access to all financial transactions in the EU

01 April 2010

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EU-USA-SWIFT: European Commission proposals for new SWIFT negotiations with the USA for access to all financial transactions in the EU: SEC(2010)315 final: Full-text (pdf)

Background: SWIFT Agreement Terminated: Agreement of 30 November 2009 between the European Union and the United States of America on the processing and the transfer of Financial Messaging Data from the European Union to the United States for purposes of the Terrorist Finance Tracking Programme -Termination of the provisional application (pdf): "In the absence of the required consent of the European Parliament, the Council cannot adopt a decision approving the conclusion of the Agreement. Consequently the European Union cannot become a Party to this Agreement and the provisional application thereof is to be terminated forthwith" and European Parliament votes down SWIFT agreement with the USA (Press release, pdf)

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