European Commission’s consultation on the Data Governance Act:
EBF Response

CONSULTATION RESPONSE
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European Commission’s consultation on the Data Governance Act: EBF Response

BRUSSELS, 1 February 2021 – The European Banking Federation (EBF) welcomes the opportunity to respond to the European Commission’s consultation on its published Data Governance Act and recognizes that its different pillars will contribute to establishing a Single Market for Data in the EU. We are particularly encouraged by the creation of a European Data Innovation Board and stress the need to make industry participation from different sectors a permanent part of the expert group rather than just occasional or invitation only, which is particularly important given the tasks mandated to the Board by the Regulation. We also note that data sharing intermediaries can play an important role in incentivising broader data exchange and helping users to take control over how their data is used and shared. Yet they are only one part of the wider data sharing ecosystem and should not replace the need for further action, such as an enhanced data portability right and mechanisms such as APIs, that allow user data sharing in real-time. We would also encourage more ambition in future proposals foreseen under the Data Strategy, notably on the Data Act, to increase access data to across different sectors.

Media contact:

Liga Semane, Data & Innovation – Policy Adviser – l.semaine@ebf.eu