Brussels, 25/06/2010 (Agence Europe) - The new agreement between the EU and the United States on the United States being given details of Europeans' bank accounts by the Swift financial services company is in the process of being adopted and may come into force on 1 August 2010. All the member states are happy with the changes to the European Commission's draft agreement (see EUROPE 10160) and they are also endorsed by a majority of MEPs (see EUROPE 10167). The new agreement puts on paper that the European Commission will unveil legal proposals, “no later than one year” after the agreement comes into force, on the introduction of legislation and technical details for an EU equivalent of the United States' TFTP (Terrorist Financing Tracking System). The Commission will also publish a progress report on the Swift agreement three years after it comes into force. If, five years after the agreement comes into force, the EU has not set up its own equivalent of the TFTP, then this may jeopardise the renewal of the agreement on the United States' TFTP. (A.B./transl.fl)