European data protection authorities step on the gas – and there is more to come
As recently as last year, the number of large fines based on the General Data Protection Regulation (GDPR) increased steadily. However, since the outbreak of the corona crisis, European data protection authorities appear to have stepped on the brakes relating to GDPR enforcement actions. But it looks like things are starting to move again.
FINMA Guidance 08/2020: LIBOR replacement for derivatives
The Swiss Financial Market Supervisory Authority FINMA recommends its supervised institutions affected by the replacement of LIBOR to sign the new Fallbacks Protocol published by the International Swaps and Derivatives Association (ISDA) as soon as possible.
EU data protection: noteworthy update to cookie guidelines by CNIL
The French data protection authority (CNIL) recently published an updated version of its guidelines on cookies called "Recommendations on cookies and other trackers".
EU adequacy decision on data protection laws: risks for third countries
Recently, the Court of Justice of the European Union (CJEU) issued a new landmark decision on the retention of data by EU Member States (C-511/18).
Recovery and resolution regulation for CCPs
The EU is stepping up its rules to make CCPs safer and address systemic risk that could arise from their potential failure.