FIDA regulation: a first step through the European Parliament

30/07/2024

On April 18, 2024, the draft FIDA (financial data access) regulation was the subject of a compromise in Brussels: members of the Econ committee adopted a first version of the text, authorizing access to financial data. Access should not be limited to payment accounts but should encompass all customer data processed by financial institutions.

The text still must be negotiated in trilogue.