The ESAs recommend actions to ensure the EU’s Regulatory and Supervisory Framework remains fit-for-purpose in the digital age
ESAs
Date:
07 March 2022
On 7 February 2022, the three European Supervisory Authorities (EBA, EIOPA and ESMA) published a joint report in response to the European Commission’s February 2021 Call for Advice on Digital Finance. The proposals put forward aim at maintaining a high level of consumer protection and addressing risks arising from the transformation of value chains, platformisation and the emergence of new ‘mixed-activity groups’ i.e. groups combining financial and non-financial activities.