EC held Digital Day 2018 and brought together ministers, representatives of EU countries, industry, academia, and civil society representatives to encourage cooperation in artificial intelligence, blockchain, eHealth, and innovation. Discussions were focused on shaping the future of Europe in the context of technological developments and building a strong Digital Single Market, with increased investment and digital skills being crucial. EC also published the opening speeches of Vice-President Andrus Ansip and Commissioner Mariya Gabriel.
At Digital Day 2018, the attendees recalled their commitment to complete the Digital Single Market and agreed to work together more in a series of key areas, such as artificial intelligence, blockchain, and innovation, for the future of Europe. On the Digital Day 2018, 22 European countries signed a Declaration on the establishment of a European Blockchain Partnership while 25 European countries signed a Declaration of cooperation on Artificial Intelligence. The blockchain partnership will be a vehicle for cooperation among member states to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide blockchain applications across the Digital Single Market for the benefit of the public and private sectors. This should ensure that Europe continues to play a leading role in the development and roll-out of blockchain technologies.
Out of the 25 legislative initiatives presented by the Juncker Commission so far toward building the Digital single Market, 11 have been adopted while 14 legislative initiatives are still on the table, including the new cybersecurity and data economy proposals.
- Press Release
- Blockchain Partnership
- Cooperation on Artificial Intelligence
- Speech of Vice President
- Speech of Commissioner
- Legislative Initiatives (PDF)
- Digital Day 2017
Keywords: Europe, EU, Banking, Insurance, Securities, PMI, Regtech, Fintech, Digital Single Market, Blockchain, EC
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EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.
ESMA published the final report on the guidelines on securitization repository data completeness and consistency thresholds.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
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