EU Commission launches a Consultation on FinTech
[Newsflash n. 26] Within a number of initiatives from organizations and authorities (see for instance, ESAs[1] and SEC[2] on robo-advisory, IOSCO[3] on FinTech and IAIS[4] on InsurTech) and the initial steps taken by the [...]
European Parliament approves revised Shareholders’ Rights Directive
On 14 March 2017, the European Parliament has voted its report on the revised Shareholders' rights directive. The final adoption step will take place in the European Council shortly. The directive will enter into force [...]
PRIIPs KID: revised RTS
[Newsflash n. 25] Following the rejection by the European Parliament (in September 2016) of the previous draft, on 8 March 2017 the European Commission published a revised version of its “level 2” Regulatory Technical Standards [...]
Robo-advisory in the US
On 23 February 2017, the Securities and Exchange Commission (S.E.C.) published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers, which are registered investment advisers that use computer [...]
Report on InsurTech (IAIS)
On 21 February 2017, IAIS (International Association on Insurance Supervisors) issued a report on “FinTech Developments in the Insurance Industry”, which contains a description of the emerging technologies and innovative business models that have the [...]
ESAs consult on the establishment of central contact points to strengthen fight against financial crime
On 10 February 2017, the Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched a public consultation on draft regulatory technical standards (RTS) to help Member States determine when [...]