Featured Product

    EBA Publishes Roadmap for Fintech and Announces FinTech Knowledge Hub

    March 15, 2018

    EBA published its fintech roadmap, which contains the priorities and indicative milestones for 2018-2019 in the area of fintech. The roadmap also sets out the establishment of a FinTech Knowledge Hub to enhance knowledge sharing and foster technological neutrality in regulatory and supervisory approaches.

    The following are the key priorities in the fintech roadmap:

    • Monitoring the regulatory perimeter, including assessing current authorization and licensing approaches to fintech firms and analyzing regulatory sandboxes and innovation hubs to identify a set of best practices to enhance consistency and facilitate supervisory coordination
    • Monitoring emerging trends and analyzing the impact on incumbent institutions' business models and the prudential risks and opportunities arising from the use of fintech
    • Promoting best supervisory practices on assessing cybersecurity and promoting a common cyber threat testing framework
    • Addressing consumer issues arising from fintech, particularly in the areas of unclear regulatory status of fintech firms and related disclosure to consumers and the appropriateness of the regulatory framework for virtual currencies
    • Identifying and assessing money laundering/terrorist financing risks associated with regulated fintech firms, technology providers, and fintech solutions

    EBA will continue to engage in relevant international initiatives to promote supervisory and regulatory consistency in responding to new and borderless technologies. The EBA roadmap takes account of the feedback to its 2017 discussion paper on fintech as well as the new mandates for EBA that were set out in the EC’s action plan on fintech. EBA will issue, in 2018, publications spanning all priority policy areas identified in the roadmap and will continue to engage in EU and international fintech initiatives.


    Related Links

    Keywords: Europe, EU, Banking, Fintech, Roadmap, Knowledge Hub, EBA

    Related Articles

    EBA Finalizes Templates for One-Off Climate Risk Scenario Analysis

    The European Banking Authority (EBA) has published the final templates, and the associated guidance, for collecting climate-related data for the one-off Fit-for-55 climate risk scenario analysis.

    November 28, 2023 WebPage Regulatory News

    EBA Mulls Inclusion of Environmental & Social Risks to Pillar 1 Rules

    The European Banking Authority (EBA) recently published a report that recommends enhancements to the Pillar 1 framework, under the prudential rules, to capture environmental and social risks.

    October 31, 2023 WebPage Regulatory News

    BCBS Consults on Disclosure of Crypto-Asset Exposures of Banks

    As a follow on from its prudential standard on the treatment of crypto-asset exposures, the Basel Committee on Banking Supervision (BCBS) proposed disclosure requirements for crypto-asset exposures of banks.

    October 19, 2023 WebPage Regulatory News

    BCBS and EBA Publish Results of Basel III Monitoring Exercise

    The Basel Committee on Banking Supervision (BCBS) and the European Banking Authority (EBA) have published results of the Basel III monitoring exercise.

    October 18, 2023 WebPage Regulatory News

    PRA Updates Timeline for Final Basel III Rules, Issues Other Updates

    The Prudential Regulation Authority (PRA) recently issued a few regulatory updates for banks, with the updated Basel implementation timelines being the key among them.

    October 18, 2023 WebPage Regulatory News

    US Treasury Sets Out Principles for Net-Zero Financing

    The U.S. Department of the Treasury has recently set out the principles for net-zero financing and investment.

    October 17, 2023 WebPage Regulatory News

    EC Launches Survey on G7 Principles on Generative AI

    The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems.

    October 14, 2023 WebPage Regulatory News

    ISSB Sustainability Standards Expected to Become Global Baseline

    The finalization of the two sustainability disclosure standards—IFRS S1 and IFRS S2—is expected to be a significant step forward in the harmonization of sustainability disclosures worldwide.

    September 18, 2023 WebPage Regulatory News

    IOSCO, BIS, and FSB to Intensify Focus on Decentralized Finance

    Decentralized finance (DeFi) is expected to increase in prominence, finding traction in use cases such as lending, trading, and investing, without the intermediation of traditional financial institutions.

    September 18, 2023 WebPage Regulatory News

    BCBS Assesses NSFR and Large Exposures Rules in US

    The Basel Committee on Banking Supervision (BCBS) published reports that assessed the overall implementation of the net stable funding ratio (NSFR) and the large exposures rules in the U.S.

    September 14, 2023 WebPage Regulatory News
    RESULTS 1 - 10 OF 8938