EBA Responds to the EC Consultation on Fintech
EBA responded to the EC's public consultation on fintech, which was launched on March 23, 2017 and closed on June 15, 2017. In the response, EBA conveys its views on a subset of questions the EC asked in its consultation and focuses on the work EBA has done so far on fintech. EBA responded to questions that fall into the scope of action of EBA and its 28 national member authorities.
EBA is also developing a discussion paper on fintech issues that fall more into EBA's remit and is expected to publish its views in the coming months. The EC consultation sought input from stakeholders to further develop the EC's policy approach toward technological innovation in financial services. It sought input in terms of stakeholder perspectives on the impact of new technologies on the financial services sector in Europe, both from the perspective of providers of financial services and consumers. The consultation also sought input on whether the regulatory and supervisory framework fosters technological innovation in line with its three core principles of technological neutrality, proportionality, and integrity. The feedback is expected to help the EC to gauge how fintech can make the EU Single Market for financial services more competitive, inclusive, and efficient.
Related Links
Keywords: Europe, Banking, Insurance, Securities, EBA, EC, Fintech
Previous Article
EIOPA Q&A on Regulations for June 2017Related Articles
|
News
US Agencies Consult on Capital Treatment of Land Development LoansUS Agencies (FDIC, FED, and OCC) issued a proposed rule on the treatment of loans that finance the development of land for purposes of the one- to four-family residential properties exclusion in the definition of high volatility commercial real estate (HVCRE) exposure in the regulatory capital rule.
July 12, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: Second Update for July 2019Under the Single Rulebook question and answer (Q&A) updates for this week, EBA published answers to five questions related to supervisory reporting.
July 12, 2019
WebPage
Regulatory News
|
|
News
ESMA Updates Manual for European Single Electronic Format in EUESMA updated the reporting manual for European Single Electronic Format (ESEF).
July 12, 2019
WebPage
Regulatory News
|
|
News
FED Updates Supplemental Instructions for Reporting Form FR Y-9CFED updated the supplemental instructions for FR Y-9C reporting.
July 12, 2019
WebPage
Regulatory News
|
|
News
EBA Publishes Report on Monitoring Implementation of LCR in EUEBA published its first report on the monitoring of the implementation of liquidity coverage ratio (LCR) in EU.
July 12, 2019
WebPage
Regulatory News
|
|
News
APRA Applies Additional Capital Requirements to Three Australian BanksAPRA is applying additional capital requirements to three major banks in Australia to reflect higher operational risk identified in their risk governance self-assessments.
July 11, 2019
WebPage
Regulatory News
|
|
News
IMF Report on 2019 Article IV Consultation on Euro Area PoliciesIMF published its staff report in context of the 2019 Article IV consultation on euro area policies with member countries.
July 11, 2019
WebPage
Regulatory News
|
|
News
FSB to Survey Practices on Cyber Incident Response and RecoveryFSB launched a survey on the industry practices on cyber incident response and recovery.
July 11, 2019
WebPage
Regulatory News
|
|
News
ECB Appoints New Members of Supervisory BoardThe Governing Council of ECB appointed Edouard Fernandez-Bollo, Kerstin af Jochnick, and Elizabeth McCaul as representatives to the Supervisory Board of ECB Banking Supervision, for a five-year non-renewable term.
July 11, 2019
WebPage
Regulatory News
|
|
News
OSFI Consults on Applying Proportionality to Pillar 1 Rules in CanadaOSFI published a discussion paper seeks input on possible tailoring of the capital and liquidity requirements for small and medium-size deposit-taking institutions.
July 11, 2019
WebPage
Regulatory News
|
