Any measure taken at European Union level to regulate the FinTech sector must seek a balance between stimulating this innovative market and preserving the stability of the financial system, the European Economic and Social Committee (EESC) states in an opinion adopted in mid-July.
“FinTech players should be subject to the same rules as the financial sector, particularly as regards resilience, cyber-security and supervision”, says Petru Sorin Dandea, the rapporteur of the Committee, in a...