EU Banking Watchdog Launches Roadmap for Fintech Regulation

Andrea Enria, head of the European Banking Authority, recently said that they will be evaluating services provided by fintech firms to ensure that these are regulated in a consistent way across the bloc.

In a speech at Copenhagen Business School, Enria said that firms must be able to participate in the internal market for financial services on equal footing while maintaining a high standard of consumer protection.

The EBA head also said that they will be reviewing regulatory sandboxes set up by national regulators to allow fintechs to try their apps on users.

Source: Reuters

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