Commissioner Malmström defensive intervention in the European Parliament. She claims the agreement includes “an absolute prohibition on data mining – searches of the database can only be undertaken where it is possible to show a reason to believe that the subject of the search is engaged in terrorism.” The Spanish presidency claimed that the SWIFT interim agreement was not about bulk data transfer. This contradicts the information from SWIFT that it was technically impossible for them to answer individual queries. Here is the text of the agreement.
Video recordings from today’s debate are available from the European Parliament website.