Spain and Sweden recently proposed to the other Member States a market-led phasing-in of Financial Data Sharing Schemes (FDSS) under the new Framework for Financial Data Access (FiDA) regulation proposed by the European Commission in June 2023 (see EUROPE B13211A15).
With this new FiDA regulation, the Commission is seeking to strike a balance between protecting customer data and sharing it with players in the financial sector so that consumers can be informed and receive more tailored...