European Commission launches FinTech consultation on a more competitive and innovative European financial sector

The European Commission today launched a public consultation on FinTech for a more competitive and innovative European financial sector.

This consultation seeks input from stakeholders to further develop the Commission’s policy approach towards technological innovation in financial services. It seeks input in terms of stakeholders’ perspectives on new technologies’ impact on the European financial services sector, both from the perspective of providers of financial services and consumers, and whether the regulatory and supervisory framework fosters technological innovation in line with its three core principles of technologic neutrality, proportionality and integrity. The feedback will help the Commission to gauge how FinTech can make the EU Single Market for financial services more competitive, inclusive and efficient.

The deadline for submission is 15 June 2017. The Commission statement, the consultation paper and related information are available here.

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