EU-flash: Discussion Paper on Fintech & public consultation on further reducing barriers to post-trade services


Le 4 août 2017, l’Autorité bancaire européenne (ABE) a publié une note pour discussion sur la politique FinTech. Quelques semaines plus tard, la Commission européenne a lancé une consultation publique sur les structures post-transactionnelles du marché des capitaux européens : quels sont les principaux problèmes et vers quelle stratégie tendre dans l’avenir ?

Vous trouverez ci-dessous un résumé en anglais de ces différents thèmes.

EBA Discussion Paper & public consultation on FinTech

On 4 August, the European Banking Authority (EBA) published a Discussion Paper on its approach to financial technology (FinTech). Main goal of this exercise is to investigate the impact of FinTech on the financial system and its regulation and supervision.

The EBA sets out in the Discussion Paper the results of the first EU-wide FinTech mapping exercise and its proposals for future work on FinTech. The EBA identified future work in six areas:

  • Authorisation and sandboxing regimes;
  • The impact on prudential and operational risks for credit institutions, electronic money institutions and payment institutions and payment institutions;
  • The impact of FinTech on the business models of these institutions;
  • Consumer protection and retail conduct of business issues;
  • The impact of FinTech on the resolution of financial firms;
  • The impact of FinTech on anti-money laundering and countering the financing of terrorism.

Stakeholders are invited to respond to the EBA discussion paper until 6 November 2017.

A public hearing will take place at the EBA premises on 4 October 2017.

To read the Discussion Paper, click here.

Full details.

Commission launches consultation on further reducing barriers to post-trade services across financial markets

On Wednesday 23 August, the European Commission launched a public consultation on post-trade in a Capital Market Union: dismantling barriers and strategy for the future. The purpose of this consultation is to learn stakeholders’ views about the current state of post-trade markets, the main trends and challenges faced by post-trade services providers and their users, and to determine the existence and scale of remaining or new barriers, the risks associated with such barriers and the best ways to address them.

The results of this consultation will contribute to a Communication on post-trade planned for the end of 2017, and to future legislative reviews.

The consultation closes on the 15 November 2017.

To read the full consultation document, click here.

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