EU regulators signal greater fintech supervision

ESAs have a 'role to play'

European Supervisory Authorities (ESAs) have identified the evolution of fintech as among the key risks facing European markets today, highlighting issues in areas including robo-advice and data protection.

The ESAs' Autumn 2017 Report on risks and vulnerabilities in the European Union's financial system said potential issues arising from financial technology ranked alongside Brexit, valuations, and the persistent low profitability of banks and insurers as posing the greatest threat to the bloc's financial stability. Source launches first fintech ETF Comprising the EBA, EIOPA and ESMA, the ESA's joint report said that "fintech has the potential to transform further the provision of financial products and services in the coming years". "Market analysts expect technological advances to ...