EU Vows to Act If Revamped US Data-Transfer Pact Poses Problems
- Justice commissioner speaks to lawmakers about data flows pact
- Didier Reynders says new deal includes ‘significant’ changes
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European Union regulators won’t hesitate to step in if a new transatlantic data-transfer pact throws up problems, the bloc’s justice chief promised as the EU moves toward ending the legal limbo that’s imperiled information exchanges potentially worth trillions of dollars.
While the European Commission is convinced the new accord now ticks all the boxes to protect EU citizens’ rights, the watchdog will monitor its implementation very closely, EU Justice Commissioner Didier Reynders told the European Parliament ahead of a vote by lawmakers.