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EU banks must embrace strategic opportunities of FIDA, EBA chair says

( February 4, 2025, 15:17 GMT | Official Statement) -- MLex Summary: EU financial institutions mustn't see the upcoming financial data access framework — FIDA — as "merely a compliance exercise," but rather embrace the strategic opportunities that it offers, the chair of the European Banking Authority said today. Jose Manuel Campa added that one of the main challenges that supervisors will face when implementing FIDA will be to find the right balance between the competing goals of the framework, such as ensuring competitiveness and data security.Speech attached. ...

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