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Data Protection in Finance Industry in Belgium: EU Regulators and Experts Engage in High-Level Discussions

Brussels, July 26, 2024 - Recent Developments Highlight Importance of Robust Data Protection Measures in Finance Sector

The European Union’s data protection landscape continues to evolve, with a focus on the finance industry in Belgium. Recent events have highlighted the importance of robust data protection measures in this sector.

EU Regulators Engage in Key Discussions

EU Data Protection Supervisor Wojciech Wiewiórowski has been actively engaged in discussions with key stakeholders to ensure effective implementation of EU data protection rules and their impact on the finance industry.

  • Meeting with Piotr Serafin: On July 16, 2024, Wiewiórowski met with Piotr Serafin, Acting Permanent Representative of Poland to the EU, in Gdansk, Poland.
  • 95th Plenary Session of the European Data Protection Board (EDPB): The same day, Wiewiórowski participated in the 95th Plenary Session of the EDPB in Brussels, Belgium, bringing together EU data protection authorities to discuss ongoing challenges and best practices in data protection enforcement.

International Experts Weigh in on Complex Issues

Leonardo Cervera Navas engaged with international experts, including Carissa Véliz, Associate Professor at the University of Oxford’s Institute for Ethics in AI. Their virtual discussion on July 16, 2024 centered around the complex issue of consent in the digital economy.

  • Consent and its Role in the Digital Economy: Wiewiórowski also participated in a Centre for Information Policy Leadership (CIPL) roundtable on July 8, 2024, exploring the intricacies of consent and its role in the digital economy.

Education and Awareness-Raising Efforts

The Brussels Privacy Hub Summer Academy 24’ edition featured a keynote speech by Wiewiórowski on July 5, 2024. His address highlighted the importance of ongoing education and awareness-raising efforts in promoting effective data protection practices within the finance industry in Belgium and beyond.

Conclusion

These recent events underscore the need for continued collaboration between EU regulators, experts, and stakeholders to ensure robust data protection measures are implemented throughout the finance sector.