About this consultation

Feedback period
19 December 2019 - 19 March 2020 (midnight Brussels time)
Banking and financial services

Target audience

All citizens and organisations are welcome to contribute to this consultation. Views are in particular welcome by Member States, national competent authorities, market participants from the crypto-asset sector (crypto-asset exchanges, trading platforms, wallet providers, users…) and from the financial services sector (financial market infrastructures such as trading venues, central securities depositaries, central counterparties, investment firms, asset managers, electronic money issuers, payment services providers…), EU businesses (start-ups, SMEs, issuers of securities…), FinTech organisations, technology experts (e.g. blockchain developers…), academics and EU citizens.

Why we are consulting

As stated by President von der Leyen in her political guidelines for the new Commission, it is crucial that Europe grasps all the potential of digital age and strengthens its industry and innovation capacity, within safe and ethical boundaries. Digitalisation and technology is significantly transforming the European financial system and the way it provides financial services to Europe’s businesses and citizens. Almost two years after the Commission adopted the Fintech Action Plan in 2018, the actions set out in it have largely been implemented.

In order to promote digital finance in Europe, while adequately regulating its risks, in light of the mission letter of Executive Vice President Dombrovskis the Commission services are working towards a new Digital Finance Strategy for the EU. Key areas of reflection include deepening the Single Market for digital financial services, promoting a data-driven financial sector in the EU while addressing its risks and ensuring a true level playing field, making the EU financial services regulatory framework more innovation-friendly, and enhancing the digital operational resilience of the financial system.

This public consultation, and the parallel consultation on digital operational resilience published, are first steps to prepare potential initiatives which the Commission is considering in that context. The Commission may consult further on other issues in this area in the coming months.

Responding to the questionnaire

You can contribute to this consultation by filling in the online questionnaire. If you are unable to use the online questionnaire, please contact us using the email address below.

Questionnaires are available in some or all official EU languages. You can submit your responses in any official EU language.

For reasons of transparency, organisations and businesses taking part in public consultations are asked to register in the EU’s Transparency Register.

Respond to the questionnaire

Personal data and privacy statement

The European Union is committed to protecting your personal data and to respecting your privacy. When carrying out public consultations we adhere to the policy on 'protection of individuals with regard to the processing of personal data by the Community institutions', based on Regulation (EU) 2018/1725 on processing of personal data by the EU institutions.

Further information on the protection of your personal data