When the game gets tough, the tough players come in

The most important italian newspaper, Corriere della sera, today publishes, in the first page of the economy section, a short story with this title: “European banks require less privacy for their customers”. Literally.

Reporting news from Financial Times, the story tells that bank’s lobby is pushing back on the PDP Regulation to get a lighter version. This after the review of the proposal that EU Council made last June reducing the overall impact of the measures. The consumers’ protection organizations say the opposite, of course.

Two statements can be made on this short news:

• the importance of data protection for business sustainability AND also for a fair international competition seems still underevaluated by relevant business sectors
• The game is really close to the end if such important sectors have started playing

Good news? Bad news? We’ll see but it surely means that the final decisions are still to be made and therefore they can be influenced by a public, open discussion.