Data protection: Art. 29 Working Party guidelines on consent EBF comments
EBF advisor: Hélène BENOIST k
Article 29 Data Protection Working Party:
EBF’s comments on the article 29 working party guidelines on consent (wp259) k
Publication date: 23 January 2018
Supporting the clarifications on consent provided by the WP29. The European Banking Federation (EBF) welcomes the Article 29 Data Protection Authority (hereafter ‘WP29’) Guidelines on consent which is one of the central point of the General Data Protection Regulation (GDPR).
Avoiding consent and information fatigue. The banking sector supports the main objectives of the GDPR, as to increased transparency regarding personal data processing and empowering data subjects. However, it is important to avoid overburdening data subjects with too much information on too many occasions. An appropriate level of granularity needs to be found that does not lead the data subject to be nudged and bothered constantly, as this risks causing them to disengage from data protection issues.
A need to ensure a consistent consent framework. The framework for consent needs to reflect that each industry has particular challenges and differences that impact the appropriate manner in which to implement consent under the GDPR. For instance, certain provisions in these Guidelines raise questions as to the potential consequences on the lawfulness of consents given under the Second Payment Service Directive (Directive (EU) 2015/2366 – PSD2) and the Markets in Financial Instruments (Directive 2014/65/EU – MiFID II).
Future-proofing and ensuring technology-neutrality. Tools, techniques and mechanisms constituting appropriate measures to obtain consent from the data subjects are constantly evolving. Therefore, it is important to take a technology-neutral approach in order to allow controllers to best assess the most efficient way to inform data subjects and obtain consent.
A lot has changed for Europe's retail banks in the 10 years since our first Retail Banking Radar was released. The newest edition released today looks at how banks can forge a path forward through the inevitable change to come. https://t.co/ox3B2UMn4l
Our director of Mortgages, Jackie Bennett, recently chatted with @AccordMortgages about the UK housing market, the issues, solutions, and what's in store. Listen to the podcast here: https://t.co/738lpdAGpx
"The SSM provides the best possible framework for the supervision of the modern banking system, enabling us to swiftly shrink the set of unknown unknowns and so help protect us from new or emerging risks." #BankingSupervision #BankingUnion
“International Directors Banking Programme” is a new modular programme of three three-day modules at the INSEAD business school in Fontainebleau, France. The content is driven by the needs for bank directors and senior executives working in banks to review and update their corporate governance practices due to the many pressures they face, and will focus on the effectiveness of directors and boards. Successful completion by participants offers certification by INSEAD. Read more
Stay in touch with the EBF
The EBF produces a daily and a weekly newsletter with European banking news and updates from national banking associations across Europe. CLICK HERE TO SUBSCRIBE
European Banking Federation
The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
56 Avenue des Arts
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.