EU and supranational regulation of financial innovations and Fintech

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • EU and supranational regulation of financial innovations and Fintech
  • TFFT and Commission consultation Fintech: a more competitive and innovative European financial sector
  • The European Commission’s Fintech Action Plan
  • Expert Group on Regulatory Obstacles to Financial Innovation
  • Commission’s digital finance package
  • Digital Finance Strategy
  • Retail Payment Strategy
  • Proposed cryptoasset legislation and pilot regime for market infrastructures
  • Digital operational resilience
  • European Supervisory Authorities’ joint contribution to EU Fintech regulation
  • More...

EU and supranational regulation of financial innovations and Fintech

This Practice Note on financial technology (Fintech) examines strategies implemented by the EU institutions, the European Supervisory Authorities (ESAs) (namely the European Securities and Markers Authority (ESMA), the European Banking Authority (EBA) and European Insurance and Occupational Pensions Authority (EIOPA)) and the European Central Bank (ECB) to encourage innovation in the EU Fintech market in a well regulated manner. It also touches on some examples of work carried out by supranational organisations such as the Bank of International Settlements (BIS) in relation to Fintech issues. Fintech, as defined by the Financial Stability Board, means ‘technologically enabled financial innovation that could result in new business models, applications, processes or products with an associated material effect on financial markets and institutions and the provision of financial services’. For more information about Fintech strategies and actions taken by UK authorities and regulators, see Practice Note: UK regulation of financial innovations and fintech

The use of technology to deliver financial services is transforming the sector. Fintech encompasses a wide range of financial services and products that intersect with technology. These include crowdfunding platforms such as peer-to-peer lending, online payments and credit services, digital wallets and e-money, automated or robo investment advice, artificial intelligence (AI), big data analytics, blockchain and cryptoassets. While these products and services are all different, they all make

Popular documents