Open banking and Australia’s data-sharing regime: six lessons for Europe

As the phenomenon of open banking spreads, countries would be better off by working together and making data-sharing across jurisdictions a smoother process. Ross Buckley, Natalia Jevglevskaja, and Scott Farrell write that the sooner national policymakers find themselves on the same page, the more control consumers will have over their data at home, and abroad, and the more data-sharing will be able to drive needed competition in economies. They highlight six lessons from Australia’s experience that could help policymakers around the world establish robust data-sharing frameworks.