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Keynote Speech - Verena Ross - Keeping on track in an evolving digital world

· Verena Ross, Chair of the European Securities and Markets Authority (European Union)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, payments, digital money and crypto-assets, growth, investment and productivity, technology, ai and cyber risk

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· Verena Ross Wiki · European Securities and Markets Authority WikiKeynote Speech - Verena Ross - Keeping on track in an evolving digital world

ContextKeynote at Afore Consulting's sixth FinTech and Regulation Conference; ESMA protects investors and keeps EU markets orderly, and warns about unregulated crypto.

Why it mattersRoss notes that slick promotions often hide firms with no licence and no recourse for clients.

Problems raised
  1. Digital technology is changing finance radically.
  2. Aggressive marketing hides unregulated crypto firms.
  3. Investors have no protection when things go wrong.
Solutions proposed
  1. Keep supervision on track with digital change.
  2. Warn consumers about unregulated crypto.
  3. Balance innovation with investor protection.
Read full speech on esma.europa.eu ↗

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