EU regulators recommend rapid action on Digital Finance

The three European Supervisory Authorities (EBA, EIOPA and ESMA) have recommended a series of actions to the European Commission, namely ten cross-sectoral recommendations and two insurance-specific recommendations, in order to ensure that the EU financial services regulation and the supervisory mechanisms are fit – for -purpose in the digitalization era.

The proposals aim to strengthen EU financial services regulation and enhance supervisory capabilities, and include enhanced consumer protection disclosures, cross-border services’ and AML convergence, holistic approach in regulation and supervisory cooperation, social trading monitoring.


Learn more: Final Report on Digital Finance