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The succession of national, regional or global regulators interested in understanding FinTech begins to be almost as exponential as the very nature of technological change. The MFI with Lagarde At the forefront, he sees the potential disruption that, for example, virtual currencies, disintermediation platforms or artificial intelligence can generate in the world of finance as we know it, more and more. Mark Carney, Governor of the Bank of England and Chairman of the FSB is another growing party convinced of the irreversibility of the movement. The work that several national regulators are doing to understand and welcome the new and diverse FinTech into the regulation is an open secret, many in the process of frequent mutation in the search for a sustainable business model and several of them applying to obtain banking license like the swedish Klarna or the British Zopa.
While this is happening, the ESAs (European Supervisory Mexico Mobile Number List Agencies) ESMA and EBA published last August 4 a public consultation related to the best way to register, know and eventually regulate the FinTech universe in the EU. Part of the issues are related to the very essence of knowledge and talent management. The sandboxes Regulatory should be national or transnational focused on hubs financial or could both coexist and under what criteria could FinTechs or banks with a FinTech model choose one or the other alternative? Should they be monitored centrally or locally? Could FinTechs that do not aspire to a banking license be supervised at the national level or will supervision be centralized in the EU? The cross-border nature of FinTech models means that the main barriers are regulation, product habits and the financial culture of each country, along with trust and branding.
If Amazon wanted to lend via crowdlending for European SMEs and the legislation was uniform in the EU in less than 12 months it would probably be the largest SME bank in Europe, with the permission of the competition authorities. The ESAs and the Commission know this and there should be great urgency to accelerate the construction of the Single Capital Market and encourage the creation of competitive European champions, even if it means laying a silver bridge for the big technology companies that operate today cross border in electronic commerce. To do the opposite is to go against progress. The ECB has just published on September 21 another consultation paper to assess the rules for granting a general banking license to new “conventional” applicants or those requesting a banking license using pure FinTech models.
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发表于 2024-3-7 19:15:38