Friday, September 21, 2012

Because light touch regulation worked so well for Ireland in banking

Facebook's privacy policies are regulated outside North America by Ireland, because that's where it has its non-US operations based. With that background --

An Austrian-based group of student activists, europe-v-facebook, which has succeeded in extracting some concessions on privacy from Facebook, said the law had been waived for the tech group. "The Irish ODPC (office of data protection commissioner) says that Facebook has not fully implemented the suggestions and that further work has to be done, but there seem to be no consequences or fines for not complying with these suggestions," said the group in a statement.