Recommendations for FiDA amendments

A responsible data economy, driven by a competitive, innovative and secure framework for data access, is an integral part of modernising the Union’s internal market by enabling consumers to better control access to their financial data. Emerging data sharing and access frameworks, including the Commission’s proposal on a framework for Financial Data Access, have complementary objectives and benefits, such as improving financial products and services, fostering consumer empowerment and choice, promoting innovation and encouraging innovation. In this spirit, the following recommendations welcome the clarity and progress towards a more proportionate approach made by Members of the European Parliament.