From: Adam <""4thwormcastfromthemolehill\"{at}the field.near
the bridge">

http://www.theregister.co.uk/2007/02/15/us_retreat/

"The only solution the European Parliament could see in a resolution
it adopted today, was for Swift to stop storing data in the US.

"The natural consequence would be for SWIFT to be obliged to stop its
current practice of mirroring all data concerning EU citizens and
enterprises in its US site or to move its alternative database site outside
US jurisdiction," the resolution said.

They implied that the same precaution might apply also for telecoms and
other types of financial firms, like insurers, which were exempted from the
Safe Harbour Agreement that protected data they held on US soil."

Seems fair enough.

Adam

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