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Plan to abandon FIDA file shows EU Commission is serious about competitiveness

By Jean Comte ( February 11, 2025, 15:53 GMT | Comment) -- The European Commission plans to withdraw a proposed regulation on open finance out of the blue, according to a draft work program. A final decision is still pending, but regardless, the fact that it has considered dropping a draft text that it recently supported shows how seriously it is taking its new objective of regulatory simplification — and that it will be prepared to kill more pending texts in the future.EU lobbyists and consultants got an unexpected surprise as they eased into the week yesterday. They found out through a leaked work program that the European Commission was planning to withdraw its proposed Financial Data Access regulation, known as FIDA....

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