Facebook has come out in support of revised European data regulations due to come into effect before the end of the year.
Stephen Deadman (pictured), deputy chief privacy officer at Facebook, explained to V3 during a Q&A at Facebook's London offices how the firm views the proposed data regulation overhaul and the changes it will mean for Facebook in Europe.
"It's a big deal in the sense that it's clearly going to modernise Europe's data protection laws which are 25 years old now, so it's very welcome in that sense," he said.
Deadman acknowledged that the regulations have taken a long time to be finalised, and are politically complex given the number of countries that will be affected, but he said that Facebook welcomes a uniform set of regulations across the EU.
"There should be order in Europe. There should be a single regulator and not multiple regulators trying to regulate the same thing in their own different ways," he said.
"Particularly, making clearer the way Europe functions as a whole and who gets to regulate is a really important thing for us."
There has been much debate over the effects of the new regulations on data-driven and cloud-based businesses across the EU, but Deadman believes that companies will be aided by a single set of regulations rather than a mass of separate laws.
"I think it's really important for European businesses generally, particularly tech and smaller businesses, that are trying to scale up quickly and can't cope with 28 different laws and regulators," he said.
The new regulations will not have a major impact on Facebook's operations in Europe, according to Deadman, as the firm's operations are currently run from Facebook Ireland in Dublin.
He explained that Facebook set up its Dublin headquarters to meet the stringent common data regulations across the EU, and to be prepared for future changes to the law.
There is no set deadline for the new data regulations to come into effect owing to the complexity of creating a universal law for the whole EU.
Many changes and delays to establishing the regulations have made the laws complex and their potential effects unclear.
To help ease the confusion, V3 has a rundown of the key details surrounding the EU data regulation overhaul.
Q3 losses reverse Q2 gains
FBI briefing US companies to dump Kaspersky, claiming intelligence prove it a 'threat to national security'
Kaspersky rejects FBI accusations that its products are a 'threat to national security'
But breached contractor says that it simply didn't have that much data
EE follows Three in threatening legal action against Ofcom - but for entirely different reasons