1.0EBFhttps://www.ebf.eurich600338<blockquote class="wp-embedded-content" data-secret="K5fHGpbJIh"><a href="https://www.ebf.eu/ebf-media-centre/updates/ebf-views-on-open-finance-towards-a-fit-for-market-approach/">EBF views on Open Finance: towards a fit-for-market approach</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.ebf.eu/ebf-media-centre/updates/ebf-views-on-open-finance-towards-a-fit-for-market-approach/embed/#?secret=K5fHGpbJIh" width="600" height="338" title="“EBF views on Open Finance: towards a fit-for-market approach” — EBF" data-secret="K5fHGpbJIh" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=new RegExp("^https?:$","i"),l=0;l<n.length;l++)n[l].style.display="none";for(l=0;l<i.length;l++)if(r=i[l],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=d.createElement("a"),a=d.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,!o.test(a.protocol));else if(a.host===s.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> https://www.ebf.eu/wp-content/uploads/2023/03/EBF-Open-Finance-_social-card-scaled.jpg25601440As the European Commission moves forward with its Data Strategy and further sectoral data-sharing initiatives, including Open Finance, there is a need to consider very carefully the approach to be taken so as to boost innovation while ensuring a level playing field and avoiding a fragmented implementation of the Strategy. Taking into account the current data-sharing landscape, data sharing under Open Finance should be voluntary between market actors, based on market needs and contractual arrangements. It should not introduce any new mandatory data access rights for financial data (as in the case of access to payment account data in PSD2).