· Verena Ross Wiki · European Securities and Markets Authority WikiSpeech Verena Ross_Launch of the EU Digital Finance Platfrom
Read full speech on esma.europa.eu ↗ContextClosing remarks at the virtual launch of the EU Digital Finance Platform; ESMA protects investors and works with other authorities to support fintech.
Why it mattersRoss welcomes a joint tool letting start-ups test products in several member states at once.
Problems raised
- FinTech struggles to scale across the EU.
- Cross-border testing is difficult.
- Supervisors need to spot new risks.
Solutions proposed
- Launch the EU Digital Finance Platform.
- Use the cross-border testing framework.
- Add a data hub for testing innovations.