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Article (9/422)
European regulation update: fintech and blockchain
European regulation update: fintech and blockchain
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European regulation update: fintech and blockchain

23/10/2017

Focus on the latest European regulatory developments

Fintech & Blockchain

On 4 August 2017, the European Banking Authority (EBA) consults on its approach to fintech. The EBA has published a discussion paper on its approach to financial technology (fintech). The discussion paper sets outs the EBA's proposals for future work on:

  • Authorisation and sandboxing regimes
  • The impact on prudential and operational risks for credit institutions, electronic money 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

The discussion paper also sets out the results of the first EU-wide fintech mapping exercise, which took place in spring 2017. Comments are due by 6 Nov 2017.

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