The European Union (EU) and the United States (US) have reached a historic agreement on a framework for regulating transatlantic data flows. The agreement, known as the Transatlantic Data Privacy Shield, aims to ensure the protection of personal data transferred between the EU and the US. This comes after the EU Court of Justice struck down the previous data transfer agreement, known as the Privacy Shield, in 2020. The new agreement includes stronger data protection safeguards and oversight mechanisms to address concerns raised by EU regulators. Both parties hope that the agreement will provide certainty and stability for businesses that rely on transatlantic data transfers for their operations.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
