European Banking Authority (EBA) Reports on Fintech

On July 5th Eva Maydell was appointed the European Parliament rapporteur on the Regulation on Charges on cross-border payments in the Union and currency conversion charges. In this context, she is committed to hearing the opinion of all stakeholders and plans to organise public discussions in fall.  The EBA has published the attached EBA Report on the Impact of Fintech on Incumbent Credit Institutions’ Business models of 3 July 2018 and the attached EBA Report on the Prudential Risks and…

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EU Developments regarding FinTech

In March, the European Commission unveiled its 23-step Fintech Action Plan. The European Central Bank (ECB) published the following documents:  Guide to assessments of licence applications – Licence applications in general Guide to assessments of fintech credit institution licence applications The documents can be found following this link: https://www.bankingsupervision.europa.eu/press/pr/date/2018/html/ssm.pr180323.en.html The European Banking Authority (EBA) has published The EBA’s Fintech Roadmap; Conclusions from the Consultation on the EBA’s approach to Financial Technology (FINTECH) on 15 March setting out the EBA’s priorities in this area for…

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