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 Insights
|
News
IAIS Publishes Drafts of Revised ICP 8, ICP 15, ICP 16, and ICP 20IAIS published the drafts of revised Insurance Core Principles on Public Disclosure (ICP 20), Investments (ICP 15), Enterprise Risk Management for Solvency Purposes (ICP 16), and Risk Management and Internal Controls (ICP 8), along with a revised draft of the glossary on enterprise risk management (ERM).
November 14, 2018
WebPage
Regulatory News
|
|
News
MAS Amends Notice 637 on Capital Adequacy Requirements in SingaporeMAS published the final, revised Notice 637 on the risk-based capital adequacy requirements in Singapore.
November 13, 2018
WebPage
Regulatory News
|
|
News
ESMA Updates Q&A on Implementation of CSD Regulation and MARESMA updated questions and answers (Q&A) documents on the implementation of the Central Securities Depository (CSD) Regulation and Market Abuse Regulation (MAR).
November 12, 2018
WebPage
Regulatory News
|
|
News
FSB Finalizes and Publishes the Cyber LexiconFSB published a cyber lexicon, following the public consultation earlier this year.
November 12, 2018
WebPage
Regulatory News
|
|
News
SRB Updates Liability Data Reporting Template for 2019SRB published version 2.7.1 of the Liability Data Reporting (LDR) Template.
November 12, 2018
WebPage
Regulatory News
|
|
News
ECB to Conduct Comprehensive Assessment of Six Bulgarian BanksECB will undertake a comprehensive assessment of six Bulgarian banks. The exercise, comprising an asset quality review and a stress test, follows Bulgaria’s submission of a request to establish close cooperation with ECB on July 18, 2018.
November 12, 2018
WebPage
Regulatory News
|
|
News
IMF Publishes Reports on the 2018 Article IV Consultation with ChileIMF published its staff report and selected issues report under the 2018 Article IV consultation with Chile.
November 09, 2018
WebPage
Regulatory News
|
|
News
PRA Issues PS27/18 on Implementing the Extension of SM&CR to InsurersPRA published the policy statement PS27/18, which provides feedback to responses to the consultation paper CP20/18, on implementing the extension of the Senior Managers and Certification Regime (SM&CR) to insurers (Part 2).
November 09, 2018
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: First Update for November 2018EBA published answers to seven questions under the Single Rulebook question and answer (Q&A) updates for this week.
November 09, 2018
WebPage
Regulatory News
|
|
News
FED Finalizes the Large Financial Institution Rating SystemFED finalized the new supervisory rating system for Large Financial Institutions (LFIs), to better align with the current supervisory programs and practices for these firms.
November 09, 2018
WebPage
Regulatory News
|
