Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Basel Committee Tackles Open Banking

Covered of Report on open banking and application programming interfaces by Basel Committee on Banking Supervision

On 19 November 2019, the Basel Committee on Banking Supervision (Basel Committee) released a cutting edge report on open banking and application programming interfaces (APIs). In the report, the international standard-setting body focuses on aspects of open banking related to customer-permissioned data sharing where the customer initially grants permission to a third party to access their data, either directly, or through the customer’s bank.  You can find the report here.

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