Brussels, 07/06/2012 (Agence Europe) - ChamberSign, the association entrusted by Eurochambres (European Chambers of Commerce and Industry) with the management of e-signatures in Europe, welcomes the new European Commission regulation on electronic identification and e-signatures, which will ensure greater security for electronic transactions within the European Union (see EUROPE 10626). It takes the view that the regulation will make up for the failings in the 1999 directive, which has not kept pace with digital developments, and will open the road to a true European digital single market. “The way that the 1000 e-signature directive was implemented by member states led to significant national disparities and considerably slowed down the development of a single market for electronic transactions”, said Vito Giannella, ChamberSign President. The European organisation believes another positive aspect of the proposal is the ambition to gather under one trust scheme services such as electronic signature, seals, time stamps and delivery services, and website authentification - all services for which European interoperability is currently non-existent. ChamberSign regrets, however, that oversight is left to the member states rather than to a pan-European entity. “We hope that member states will opt for joint supervisory operations as the regulation leaves that door open”, commented Giannella. (IL/transl.jl)