Joint Industry Letter - Impact of CJEU Schrems II ruling on the framework for international data transfers

The European Association of Co-operative Banks (EACB) joins industry coalition in a letter addressing the European Commission regarding the July 16 ruling of the Court of Justice of the European Union (CJEU) on the “Schrems II case” and its impact on the framework for the international transfer of personal data from the European Union to the United States (US), and to other third countries. The ruling has far reaching implications for the ways in which European and global businesses operate.