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Speech Verena Ross_Launch of the EU Digital Finance Platfrom

· 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 WikiSpeech Verena Ross_Launch of the EU Digital Finance Platfrom

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
  1. FinTech struggles to scale across the EU.
  2. Cross-border testing is difficult.
  3. Supervisors need to spot new risks.
Solutions proposed
  1. Launch the EU Digital Finance Platform.
  2. Use the cross-border testing framework.
  3. Add a data hub for testing innovations.
Read full speech on esma.europa.eu ↗

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