Developments in Open Banking: Key Issues from a Global Perspective Report
August 16, 2022
Authors: Hunter Dorwart, Daniel Berrick, Lee Matheson, and Dale Rappaneau
Dale Rappaneau was a former FPF Policy Intern.
In FPF’s report, Developments in Open Banking, Key Issues from a Global Perspective, explore how ten different jurisdictions have approached open banking regulation, including questions related to privacy and data protection. The report was developed as part of the joint open banking conference FPF co-hosted with the OECD in March 2022.
FPF’s report explores the key similarities and differences between the ten identified jurisdictions across several topics. Each topic represents a fundamental component of open banking in these jurisdictions around the world and includes:
- A definition of “open banking.”
- The three general approaches to open banking regulation
- What entities, services, and categories of data do regulations cover?
- Variations in regulatory power and technical specification
- Open banking’s interaction with data protection and privacy law
