Skip to main content

POST GDPR huh what is it good for

xxx

 

Wim Nauwelaerts, a lawyer with Sidley Austin in Brussels, says each country has enough discretion under GDPR that there could still be a lot of differences, forcing companies with operations across Europe to comply with multiple, potentially contradictory privacy regimes. “What was the purpose, then,” Nauwelaerts asks, “of having a GDPR in the first place?”

From It’ll Cost Billions for Companies to Comply With Europe’s New Data Law - Bloomberg.

 

xxx

 

xxx

Consequently, rather than increasing competition, the nature of transaction costs implied by privacy regulation suggests that privacy regulation may be anti-competitive.”

It is quite likely, that, blinded by their hatred of the American-dominated tech world, EU lawmakers have elected to ignore this research.

From Dealing with the privacy paradox – Monday Note.

xxx

xxx

The world’s 500 biggest corporations are on track to spend a total of $7.8 billion to comply with GDPR, according to consultants Ernst & Young.

From It’ll Cost Billions for Companies to Comply With Europe’s New Data Law - Bloomberg.

 

xxx

Comments

Post a Comment

Popular posts from this blog

Euro area card payments double in a decade

xxx "The number of card payments in the euro area have more than doubled in a decade as consumers increasingly dispense with the hassle of carrying notes and coins, according to the latest statistics from the European Central Bank. In 2018, card payments accounted for almost half of the total number of non-cash payments across the single-currency area. Credit transfers and direct debits were the second and third most common non-cash payment methods, accounting for approximately 23% each, while e-money and cheques together made up around seven percent. However, the relative popularity of each type of payment service still varies widely across euro area countries. In 2018 card payments accounted for just over 70% of all non‑cash payments in Portugal, compared with around 23% in Germany. The stats show that the number of card payments made by consumers and businesses has more than doubled in the last decade, with an average of 121 card payments per capita in 2018, compared with
Post a Comment
Read more