Less than 1 min.Read

EBA: Opens consultation on RegTech

August 17, 2020

Launched a RegTech industry survey to invite all relevant stakeholders, such as financial institutions and ICT third party providers
The aim of the survey is to better understand the ongoing activity in this area, raise awareness on RegTech within the regulatory
The EBA is also seeking ways to facilitate the adoption and scale up of RegTech solutions across the EU whilst acknowledging
Feedback from financial institutions and ICT third party providers is essential to better understand the extent
EBA is focusing in particular on (i) mapping and understanding the existing RegTech solutions; (ii) identifying the main barriers
The aim of this mandate is to contribute to the establishment of a common European approach towards technological innovation