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Image header Agence Europe
Europe Daily Bulletin No. 11992
Contents Publication in full By article 18 / 26
NEWS BRIEFS / Finance

Financial and accountancy industries call to avoid hampering technological advancement in EU

29/03/2018 (Agence Europe)On Tuesday 27 March, experts, regulators and public policymakers met at a conference hosted by the Association of Chartered Certified Accountants (ACCA) and the audit firm EY, to discuss recent developments in technological innovation, particularly blockchain technology – a subject that has inspired a mixture of excitement and fear. Acknowledging the need for a more solid legal framework, the participants nonetheless stressed that an excessively prescriptive framework could lead to the delocalisation of interesting innovative projects outside Europe. “It is also important to avoid blaming the house for the fault of the people living in it”, said Maggie McGhee of the ACCA, in a press release. She went on to state that the technology underlying Bitcoin could revolutionise the way financial transactions are carried out and that “this potential must be viewed separately from the risks of Bitcoin”. (MF)

Contents

SECTORAL POLICIES
INSTITUTIONAL
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
COUNCIL OF EUROPE
NEWS BRIEFS
CALENDAR