On January 28th the EU and the Council of Europe celebrated the European Data Protection Day. On the same day, back in 1981, the Convention 108 – Convention for the Protection of Individuals with regard to Automatic Processing of Personal Data – was signed. It is for this very reason that the Council of Europe launched in 2016 a Data Protection Day to be celebrated each year on 28 January.

Data Protection Day is now celebrated across the globe and is called Privacy Day outside of Europe. In 2009, the United States Congress passed a resolution declaring January 28 as Data Privacy Day.

The Convention 108, is the first binding international instrument to protect an individual against abuses of the processing of their personal information. Moreover, it also imposes some restrictions on transborder flows of personal data to countries where legal regulation does not provide equivalent protection. At present the Convention has 51 ratifications.

The right to the protection of personal data, is a fundamental right laid down in Article 8 of the EU Charter of Fundamental rights and in article 16 of the Treaty of the Functioning of the EU. The right to the protection of personal data may be considered as one of the most important human rights of the modern age. In fact, topics such as Big Data, Artificial Intelligence, Machine and Deep learning, Internet of Things, Ubiquitous Computing, Surveillance and Data Transfer are examples that demonstrate the need for a right like this. This right also preserves the dignity and self-determination of an individual.  

On this date, governments, parliaments, national data protection bodies and other bodies perform activities to raise awareness about the right to personal data protection and privacy.

In the course of our activities at eu-LISA, we process personal data. Thus, one of our jobs is keeping data secure.  It is immeasurably important for the Agency to be compliant with the provisions of Regulation (EC) N° 45/2001 as well as other legal instruments in the area of the protection of personal data.

On January 28th the EU and the Council of Europe celebrated the European Data Protection Day. On the same day, back in 1981, the Convention 108 – Convention for the Protection of Individuals with regard to Automatic Processing of Personal Data – was signed. It is for this very reason that the Council of Europe launched in 2016 a Data Protection Day to be celebrated each year on 28 January.

Data Protection Day is now celebrated across the globe and is called Privacy Day outside of Europe. In 2009, the United States Congress passed a resolution declaring January 28 as Data Privacy Day.

The Convention 108, is the first binding international instrument to protect an individual against abuses of the processing of their personal information. Moreover, it also imposes some restrictions on transborder flows of personal data to countries where legal regulation does not provide equivalent protection. At present the Convention has 51 ratifications.

The right to the protection of personal data, is a fundamental right laid down in Article 8 of the EU Charter of Fundamental rights and in article 16 of the Treaty of the Functioning of the EU. The right to the protection of personal data may be considered as one of the most important human rights of the modern age. In fact, topics such as Big Data, Artificial Intelligence, Machine and Deep learning, Internet of Things, Ubiquitous Computing, Surveillance and Data Transfer are examples that demonstrate the need for a right like this. This right also preserves the dignity and self-determination of an individual.  

On this date, governments, parliaments, national data protection bodies and other bodies perform activities to raise awareness about the right to personal data protection and privacy.

In the course of our activities at eu-LISA, we process personal data. Thus, one of our jobs is keeping data secure.  It is immeasurably important for the Agency to be compliant with the provisions of Regulation (EC) N° 45/2001 as well as other legal instruments in the area of the protection of personal data.

The CCP stress test assesses the resilience and safety of the EU CCP industry and helps to identify possible vulnerabilities. The results of the second EU-wide stress test show that overall the system of EU CCPs is resilient to multiple clearing member (CM) defaults and extreme market shocks. In addition, the report also highlights individual CCP-specific results.

The stress test builds on the first CCP stress test conducted in 2016, which focused on counterparty credit risk only, with the second exercise including liquidity risks – examining whether CCPs would meet their liquidity needs under different stress scenarios. ESMA tested the resilience of 16 European CCPs with approximately 900 CMs EU-wide. The aggregate amount of collateral held by CCPs on the test date in the form of margin requirements and default fund contributions was approximately €270bn. 

ESMA has also published a Press Release and a Question and Answers (Q&A) document regarding its second CCP stress test.

The CCP stress test assesses the resilience and safety of the EU CCP industry and helps to identify possible vulnerabilities. The results of the second EU-wide stress test show that overall the system of EU CCPs is resilient to multiple clearing member (CM) defaults and extreme market shocks. In addition, the report also highlights individual CCP-specific results.

The stress test builds on the first CCP stress test conducted in 2016, which focused on counterparty credit risk only, with the second exercise including liquidity risks – examining whether CCPs would meet their liquidity needs under different stress scenarios. ESMA tested the resilience of 16 European CCPs with approximately 900 CMs EU-wide. The aggregate amount of collateral held by CCPs on the test date in the form of margin requirements and default fund contributions was approximately €270bn. 

ESMA has also published a Press Release and a Question and Answers (Q&A) document regarding its second CCP stress test.