Data is the new oil: does the EU safeguard its financial data supply line?

In this article, attorney at law and professor Emanuel van Praag explores how the European Union addresses geopolitical risks related to financial data. The focus is on the vulnerability of European financial institutions due to their dependence on foreign data service providers and cloud platforms. Van Praag analyses whether and how EU regulation responds to this new geopolitical reality, and what challenges remain. This article, part of the IFR anniversary volume of Radboud University Nijmegen, offers valuable insights for anyone interested in financial law, technology, and international relations.