Addressing the challenges and risks brought by the new digitalizing financial ecosystem: Commission requests advice from the European supervisory authorities
As set out in the digital finance strategy, the European Commission is requesting advice from the European supervisory authorities to ensure EU rules remain fit for purpose and supervisors have all the tools they need to protect Europeans against risks to financial stability and investor or consumer risks, based on the principle “same business, same risk, same rules”.
The advice will inform the Commission’s further assessment of whether to adapt the EU’s prudential and conduct regulation and supervision rules to fit the new digitalizing financial ecosystem.
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