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Financial Industry associations urge caution on EU financial data access regulation

Published on: 09 December 2024
Published by LNB News

LNB News 09/12/2024

Document Information

Issue Date: 09 December 2024

Published Date: 09 December 2024

Jurisdiction(s): Eire and European Union

Article summary

Insurance Europe together with the Association for Financial Markets in Europe (AFME), the European Association of Co-operative Banks (EACB), the European Banking Federation (EBF), the European Fund and Asset Management Association (EFAMA), the European Savings and Retail Banking Group (ESBG), have issued a joint statement calling for a more measured approach to the proposed EU Financial Data Access (FiDA) regulation following the European Parliament's adoption of its position and the Council reaching a General Approach. The associations are urging co-legislators to conduct a thorough impact assessment before finalising the regulation.

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