European Commission: Post-Crisis Regulation Must Focus on Fintech
Fintech developments and implementation requires greater regulatory supervision, according to the European Commission's vice president.
While delivering the keynote speech at the this year’s European Securities and Markets Authority (Esma) conference on October 17 in Paris, Dombrovskis said that the continuous evolution of the financial markets meant that new elements such as fintech and green finance required new methods of regulatory supervision.
“Europe has what it takes to develop a globally competitive fintech sector,” he said. “But fintech firms need coherent regulation to scale up and take full advantage of the single
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