On Wednesday 4 December, the Member States’ ambassadors to the EU (Coreper) reached agreement on a common position of the Council of the EU on the ‘FIDA’ Regulation, which aims to establish a regulatory framework for the access, use and re-use of customer data in financial services.
As evidenced by a draft compromise of 24 November (see EUROPE B13532A12), the Council broadly supports the European Commission’s initial proposal (see EUROPE B13211A15) and specifies the scope of the...