3 To recoup this enormous sum, both the public and private sectors must be bold. Public boldness: the G-20 agenda At the Pittsburgh summit last September, the G-20 claimed that “It worked.” Well, it isn’t over. The G-20’s agenda is comprehensive and radical, but we need to implement, as well as propose.
However, the task of protecting personal data is outside the remit of the Group’s oversight function, since it is unrelated to the functioning of market infrastructure and financial stability. If the Oversight Group were to assume this task, it would conflict with the competences assigned by the Data Protection Directive to national and EU data protection authorities.