A leaked US intelligence report by Brazil's TV Globo last weekend cited Google, Brazilian oil giant Petrobras, the French foreign ministry, and SWIFT, the global interbank transfer network, as targets of US surveillance.
The European Union and the United States agreed in 2010 a Terrorist Financing Tracking Program (TFTP), which allows access to SWIFT banking data.
Malmstroem said on her Twitter account that she had spoken to US counterparts the previous evening "and conveyed strong concerns about alleged NSA tapping."
Brussels warned Washington in July after reports of US spying on its allies that it was ready "to reconsider" two key anti-terrorist data-sharing deals failing US assurances of their "full compliance with the law".
The warnings over a hard-won EU-US agreement to share airline passenger data and SWIFT banking details as part of the global fight against terrorism, came amid public outrage over reports that US agencies spied on Europeans as well as on their institutions and embassies.
The two sides at the same time also reviewed the older TFTP.
But the furore almost delayed the start in Washington of anxiously-awaited negotiations on a mega EU-US trade deal described as history's biggest.
"We are experiencing a delicate moment in our relations with the US," Malmstroem said at the time in a letter to Homeland Security Secretary Janet Napolitano.
This included covert surveillance by the NSA of EU offices, including diplomatic missions in Washington and at the United Nations in New York, as well as at its Brussels headquarters.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
