Good BDO Netherlands July 20 writes about the privacy paradox between PSD2 and the GDPR.
PSD2 is a new European directive aimed at payment transactions in Europe. The law has five goals:
"However, where PSD2 requests open access to (confidential) transaction data, the GDPR imposes stricter requirements with regard to allowing this data and security to be shared."
PSD2 is a new European directive aimed at payment transactions in Europe. The law has five goals:
- Competition in the European payment market.
- Make innovations in the payment system better possible.
- Protect consumers better.
- Increase the security of payments.
- Contribute to a single European payment market.
"However, where PSD2 requests open access to (confidential) transaction data, the GDPR imposes stricter requirements with regard to allowing this data and security to be shared."
This is just one of the examples showing that the legislative process has completely got out of hand.
- How come?
- What is the quality of legislation?
- And is there something to do about it?
How it comes
In a word "islands". Too many people are involved in the legislative process in Europe. It certainly concerns thousands and perhaps tens of thousands of people. These work for different governments, different countries and are heavily influenced by different lobby groups.
And there is no modern system to ensure the coherence between laws.
Quality of legislation
Quality is meeting expectations. That also applies to legislation. What people expected from legislation? Has research been done about this? Is this monitored by Statistics Netherlands, for example?
And if we know what the expectation is, does the legislation comply with this?
I do not know and do not go find it now. I do know that people do not expect laws to contradict each other. That is clearly a lack of quality.
How to avoid inconsistent legislation
By applying modern means. A word "Taxonomy". In England at the Cambridge they are working on this.
This is just the beginning I think. I am sure that in the next 10 years a lot will change in the legislative field. Ss it is now is no longer of this time!
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