EBA discussion paper sets out results of EU-wide FinTech mapping exercise
European Banking Authority discussion paper on FinTech, technologically enabled financial innovations that result in new business models, applications, processes and products. Identifies proposals for future work: i) authorization and sandboxing regimes; ii) impact on prudential and operational risks for credit institutions, electronic money institutions and payment institutions; iii) impact of FinTech on the business models of these institutions; iv) consumer protection and retail conduct of business issues; v) impact of FinTech on the resolution of financial firms; and vi) impact of FinTech on anti-money laundering and countering the financing of terrorism.
Publisher:
Regional Standard-Setting Bodies
Release date:
Aug 2017
Type:
Consultative, discussion and issues paper
Peer:
EBA's FinTech Roadmap
Topics:
Financial inclusion, Financial market infrastructure, FinTech
Sectors:
Banking
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