The extension of the EU-UK adequacy decision to allow the free flow of personal data between the European Economic Area and the UK has received the green light from the European Commission.
From pivotal court decisions on personal data to guidance oversight frameworks for digital infrastructure and AI governance, Europe’s regulatory landscape is rapidly evolving. This week, key developments highlight the EU's sharpened focus on data protection, operational resilience, legislative transparency, and ethical AI.
Denmark’s digital minister, Caroline Stage, made headlines by calling the GDPR a “digital elephant in the room.” Her message was clear: the current data protection regime is too complex and burdensome, especially for European businesses.
As artificial intelligence (AI) becomes more deeply embedded in mission-critical applications across financial services the need for advanced security mechanisms and ethical AI governance becomes paramount.
About one week after FEBIS informative session on the topic – the Council adopts Digital Operational Resilience Act (DORA), which will make sure the financial sector in Europe is able to stay resilient through a severe operational disruption.