A multinational company operating in Canada will have to have dozens and dozens of contracts with everybody who supplies them with any personal information, including their own subsidiaries, |
Financial services are not excluded; they are simply not yet included. |
It is a question of putting into the text the language of our accord. |
It's not as though we have something to announce, because we don't. |
They are making investments now so they need our advice as to how to go about doing it. So an agreement is urgent for us in the U.S.. |
We are quite close to a common definition of safe harbor principles. |
We don't want to end up with a situation where we both have a very stringent self-regulatory regime, [but then] we have to answer to their data privacy regime as well. The devil is in the details, and it's up to them to provide those details. |
We want more self-regulation. Technology is moving too fast and business practices are changing too fast for governments to be able to anticipate every little thing, |