At the beginning of March, the European Commission presented its action plan on financial technologies (‘FinTech’). According to the draft text, which was consulted by EUROPE on Tuesday 6 February, the Commission is not planning a revolution in this area, but to make steady progress.
“The Commission considers that the case for broad legislative or regulatory action or reform at EU level at this stage is limited”, it states in the document, lining up instead in favour of more...