“ANALYSIS: Customer convenience cannot be prioritised over broad aims of payment services laws to open up the market to greater competition and innovation. That is the message a European regulator has delivered to banks in relation to the scope they have to help customers manage and revoke their consent to open banking services.”
Open banking: clarity provided for banks over ‘opt outs’ and revoking consent by Luke Scanlon, Pinsent Masons (January 2019)