Trilogue negotiations on a framework for Financial Data Access (FiDA) Regulation

The regulation establishing a framework for financial data access (FiDA) is intended to promote competition and innovation in the European financial market by making access to customer data easier and by maximising the potential of a data economy. The German Banking Industry Committee (GBIC) believes these aims are in jeopardy and is therefore calling for a critical review and major amendments on key points. This is a prerequisite for aligning the regulation with the broader aims of pursuing a strong and competitive EU.