Who benefits from data sharing?

This post was co-written with Laurence Barry, originally in French. Recently, the European Commission has laid the groundwork for a new framework for accessing financial data (FIDA, or Financial Data Access), allowing consumers and businesses to authorize third parties to access their data held by financial institutions, including insurers. One of the main arguments in favor of this regulation is transparency, or as the texts put it, ‘promoting financial transparency.’ However, it is difficult to argue against transparency unless one has something to hide. … <a …