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European Commission urged to ‘revisit’ financial data access proposal

By Fanny Roux ( April 2, 2025, 15:37 GMT | Insight) -- The European Parliament and the Council of the EU have asked the European Commission to simplify its financial data access proposal, known as FIDA, before resuming discussions on it. This request follows concerns that the proposal is too burdensome, and it marks the second recent instance where legislative bodies have sought simplification of financial services proposals.The European Parliament and the Council of the EU have urged the European Commission to redraft the legal text on financial data access, known as FIDA, before the two legislative bodies can resume discussions on the matter....

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