Questions over the GDPR’s enforcement cred; and the SEC ramps up whistleblower defense

MLex Market Insight

News

4.9 • 9 Ratings

🗓️ 1 July 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ongoing concerns over the struggles of those tasked with enforcing the EU’s General Data Protection Regulation have raised questions about whether the bloc’s landmark privacy legislation remains fit for purpose — a mere four years after it came into effect. But while the European Data Protection Supervisor has sounded the alarm over cross-border privacy-enforcement challenges, there are those who argue that the GDPR is already equipped with all the enforcement tools it needs. Also on today’s podcast: The US Securities and Exchange Commission’s defense of whistleblowers returns to centerstage in the Biden Administration.

Transcript

Click on a timestamp to play from that location

0:00.0	Hello, it's great to see you again.
0:12.1	Welcome to another podcast from Emlex, your home of regulatory news.
0:17.0	My name is James Panicki.
0:18.4	I'm Emlex's Asia Pacific Senior Editor. And every week I catch up with members of our editorial team, scattered as they are around the globe, to catch up on the top stories of the moment. And we have another busy program today. In just over 10 minutes from now, Neil Rowland will walk us through his recent analysis of
0:38.8	changes and approach to whistleblowers in the US on the part of the US Securities and Exchange
0:45.4	Commission. It's a tricky issue. Whistleblower protection isn't just about safeguarding
0:50.2	those who may be facing retribution. It's also about how to remunerate those who report misconduct.
0:57.0	It's a fascinating issue and I urge you to stick around for that one. First up though to the EU and yes,
1:03.8	what else the general data protection regulation or GDPR, the bloc's landmark privacy legislation?
1:10.5	And let's start with a very provocative question today. Does the GDPR, the bloc's landmark privacy legislation. And let's start with a very provocative question today.
1:14.0	Does the GDPR need updating? Should it be cracked open a mere four years after it came into effect back
1:21.5	in May 2018? Well, maybe it does, maybe it doesn't, but the issue of enforcement with particular reference to cross-border
1:29.7	enforcement is proving rather tricky. The concerns about the GDPR have been ventilated by the
1:36.0	European Data Protection Supervisor and his comments are reverberating around the Union.
1:42.3	Luckily for us, our reporters Sam Clark and Matthew Newman
1:45.9	have been following the case and they have written a fine piece of analysis. And they join me now
1:51.5	from, well, Matthews in Brussels and Sam is in London. And Sam, let me put this very first question
1:58.2	to you. Why is the supervisor talking about reforming the way that data protection rules are enforced?
2:06.1	And what is the problem with GDPR enforcement as it stands?
2:10.9	Yes.
2:11.9	I think a consensus has formed broadly that enforcement in the big strategic cases, which generally relate to big tech
2:19.8	companies, is not working. That's often attributed to the one-stop shop system, which is where a
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from MLex Market Insight, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of MLex Market Insight and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.