The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) released on September 22th 2017 guidelines to prevent the abuse of funds transfers for terrorist financing and money laundering purposes. These guidelines are part of the ESAs’ wider work on fostering a consistent approach to Anti-Money Laundering and Countering the […]
The Basel Committee on Banking Supervision released on 31 August 2017 a consultative document on the implications of fintech for the financial sector. Sound practices: Implications of fintech developments for banks and bank supervisors assesses how technology-driven innovation in financial services, or “fintech”, may affect the banking industry and the activities of supervisors […]
[Newsflash n. 27]
On 5 April 2017 the Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – “ESAs”) launched a public consultation on the Draft Joint Guidelines (“Draft Guidelines”) under Article 25 of Regulation (EU) 2015/847 (”Regulation”) on the measures payment service providers should take to detect missing or incomplete information […]
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 payment service providers and electronic money issuers should appoint a Central Contact Point (CCP) to support the fight against […]
On 8 February 2017, IOSCO published a report on the evolution of financial technologies and its intersection with securities markets regulation.
Many definitions of FinTech have been provided in the last year or so. IOSCO distinguishes two areas within the FinTech phenomenon: