Blog
What is the European Single Access Point?
Introducing the European Single Access Point (ESAP): a proposed initiative for EU-wide access to capital markets, financial services, and sustainable finance. By consolidating data from various entities, ESAP enhances transparency, promotes investment, and benefits investors and the EU economy.
Cybersecurity in the Digital Age
In his keynote, RBI's Deputy Governor, Mahesh Kumar Jain, stressed on cyber security amid rising digital transactions. He warned of cyber criminals disrupting financial systems, urging for global cooperation to counter these threats.
GDPR Compliance: IMY Data Incident Report
Sweden's IMY report shows 60% of 2022's personal data incidents were human errors, possibly triple the reported figure. Measures like restricting unapproved app use and USB data storage are suggested. Denmark, Sweden, and Finland have the most incidents, respectively.
Artificial Intelligence Act: GDPR Compliance
EU Parliament amends the AI Act, including AI rules and Union Legislative Acts changes. A key proposal removes GDPR as a basis for AI data processing. It also introduces representation rights for public bodies in AI-related complaints, and a right to explanation for all impacted by AI decisions.
MiCA Regulation: EU Crypto Debate
A European Parliament study contests EU's new crypto laws, MiCA, suggesting stricter, traditional finance regulation. This ignites debates on MiCA's impact, as classifying crypto as traditional could disrupt unified trading. Advocates argue for traditional rules as a safety measure.