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Regulatory Update June 2013 from Regulatory Strategies

European Union:  Push for new Data Protection Regulation:  The EU Justice Commissioner, Viviane Reding, has issued a new appeal for Member States to place the Data Protection Regulation on the agenda of an EU summit in Autumn 2013.  Red­ing is keen to get the data protection package completed before the European Parliament elections in May 2014 after it has suffered ... Read More »

Who says US Data Protection Standards are Lower than in the EU?

Recently Viviane Reding, the commissioner overseeing data protection, stated:  “The safe-harbour agreement may not be so safe after all, it could be a loophole” that allowed companies to shift data to the US where “data protection standards are lower than our European ones”.   Referring to one of the NSA programmes revealed by Mr Snowden, a former NSA contractor. Ms. ... Read More »

Online Businesses Fret about New EU Data Privacy Rules

More than two-thirds of online retailers say that proposed changes to EU data protection rules will damage business, according to a poll by Europe’s largest e-commerce association.  The European Commission has remained steadfast on its revision to the Data Protection Directive despite heavy lobbying from companies and the US, which have sought to water down the rules. The survey by ... Read More »

Credit Insurance Rebounds as Companies Seek To Lay Off Risk in Uncertain Times

‘In times of increasing insolvencies, more companies value trade credit insurance as effective management and risk control tools’ ‘Pre-qualification vetting of contractors reduces project disruptions and saves costs for surety bond beneficiaries’ Trade credit insurance insured exposure increased by 4.4% to € 1.92 trillion (2011: € 1.84 trillion) Premium increased by 3% to € 6.14 billion (2011: € 5.96 billion) ... Read More »

Privacy, Data Protection and Consumer Rights: Big Government spying on Citizens …. Where does this leave Common Sense?

BIIA’s chairman David Worlock and BIIA’s Deputy Managing Director Phil Cotter have gone to bat on the intrusiveness of ‘big brother’ government (not just the US) in spying on its and other countries’ citizens.  David Worlock’s ‘thoughts from the bottom of his garden’ and Phil Cotter’s comments make interesting reading. The discussion can be found on VBZV is about to ... Read More »

Bisnode Q1 2013 Core Revenues Declined by -3.8%

Bisnode reports weak organic revenue growth, above all in the Nordic and BeNeFra regions and a powerful focus on internal structuring to create “One Bisnode”.  For the first quarter of 2013 Bisnode reported revenues of SEK 925 million versus SEK 1,033 million of prior year period a decline of 10%.  The numbers include the effects of divested businesses.  Core revenues ... Read More »

Bisnode Merges Fourteen Brands into One to Become Market Leader for Decision Support

Fourteen of Sweden’s foremost companies for decision support merge into one single brand: Bisnode.  The reason for uniting the group’s competence and experience is to enable a broader offering and to facilitate the development of future tools for decision-making.  The change is carried out in all of Bisnodes 19 markets, and consequently Bisnode becomes one of Europe’s largest suppliers of ... Read More »

European Bankers Expect “Credit Gap” to Shrink for Consumers and Small Businesses, According to FICO-Efma Survey

FICO (NYSE:FICO), and Efma announced recently the results of the seventh European Credit Risk Survey, which measures retail bankers’ outlook for the availability of credit along with their investment priorities for the year ahead. In the February survey, completed by 130 credit risk professionals from 41 countries, the forecast for a “credit gap” between credit supply and demand fell sharply ... Read More »

EU Study on Trade Secrets And Confidential Business Information in the Internal Market

The study on Trade Secrets and Confidential Business Information incorporates a survey covering 537 companies, including 323 small and medium size companies (less than 250 employees) undertaken at the end of 2012. It also provides a detailed review of the legal frameworks governing trade secrets in the then 27 Member States, the United States of America, Japan and Switzerland. This ... Read More »

Interactive Data Launches Financial Transaction Tax Data Service

New service helps identify instruments subject to French and Italian FTTs Interactive Data Corporation, announced a new service to support the identification of instruments subject to recently implemented French and Italian Financial Transaction Taxes (FTTs). Financial organisations may be required to determine and collect applicable transaction taxes under the French and Italian FTTs. Interactive Data’s new service is designed to help financial ... Read More »

Bisnode Divests Svenska Nyhetsbrev

Bisnode has divested Svenska Nyhetsbrev AB, an independent supplier of niched business news, to Bonnier Business Press International AB. The sale is in line with Bisnode’s strategy to streamline its core business and focus on growth and increased customer value. Svenska Nyhetsbrev is a supplier of independent business news in the areas of insurance, pensions, funds, banking, pharmaceuticals, telecom and ... Read More »