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On 14 April 2021, the European Data Protection Board ( EDPB ) announced that it had adopted two Opinions on the draft UK adequacy decisions issued by the European Commission on 19 February 2021. The EDPB’s take on the draft adequacy decisions is broadly positive, and will come as welcome news to UK and EEA businesses with cross-border data flows.
In the run-up to the end of the Transition Period under the UK-EU Withdrawal Agreement on 31 December 2020, there had been doubts as to how cross-border data transfers from the EU to the UK would work, in light of the prohibition on such transfers set out in the GDPR and the Law Enforcement Directive (the
A digital euro to meet the expectations of Europeans
Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the ECON Committee of the European Parliament
Frankfurt am Main, 14 April 2021
Madam Chair, honourable members of the Committee on Economic and Monetary Affairs,
Let me start by thanking you for inviting me to report on the outcome of the ECB’s public consultation on a digital euro. We are publishing our analysis of the responses we received on our website today.
A digital euro can only be successful if it meets the needs and expectations of European citizens.