A EUROPEAN banking chief has described the difficulty of negotiating a compromise with the bloc’s data authorities on fincrime information sharing.
“It’s a difficult dialogue,” admitted Sebastien de Brouwer, chief policy officer with the European Banking Federation (EBF).
He described how the starting point for negotiations “is so rigid, sometimes we call them the aytollahs” of data protection.
Mr de Brouwer was speaking during his opening address at the Leaders in Finance ‘AML Europe 2023’ conference in Brussels on Thursday.
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