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Over a year after outlining alternatives to a controversial U.S.-EU bank data-sharing arrangement, European Union leaders have yet to disclose how they would give American terrorism investigators access to sensitive financial information. In July 2011, the European Commission said it would replace the arrangement, which took effect in August 2010, with its own program, to be known as the Terrorist Finance Tracking System (TFTS). Like the current agreement, the TFTS would grant certain investigators access to interbank messages processed by the Society for Worldwide Interbank Telecommunication (Swift), a Brussels-based banking consortium. "Nothing has been done yet, which has raised questions...