The document discusses regulatory issues facing the EU regarding technology and financial services. It proposes that new regulations could help support EU technological sovereignty, create a single market for financial services, and unlock the potential of the data economy, while also protecting consumers. It outlines several regulatory proposals from the Directorates General for Financial Stability and Communication Networks regarding open finance, regulatory sandboxes, and the use of AI in financial services. The organization advocates coordinating work on regulatory sandboxes and harmonizing experimental clauses to treat regulatory schizophrenia in the EU.

1. REGULATORY
SCHIZOPHRENIA
IN THE EU

2. THE EU THINKS MORE
REGULATION CAN...
SUPPORT THE TECHNOLOGICAL
SOVEREIGNTY OF THE EU
CREATE SINGLE MARKET FOR
FINANCIAL SERVICES
UNLOCK DATA ECONOMY
POTENTIAL
PROTECT CONSUMERS
SYMPTOMS

3. DR FISMA
&
MR CNECT
DIAGNOSIS

4. WORKING GROUPS
Draft policy positions
WG Open Finance & WG European Digital Identity
New WGs will be opened following new relevant policy files
and members' proposals
POLICY POSITIONS
Public statements communicated to policy stakeholders, eg.
DG FISMA, EP Economic and Monetary Committee or
Council Presidencies
Participation in public consultations and informal policy
discussions, eg. MiCA, DORA, Pilot Regime, AML6, PSD2
Revision, DSA, DMA, AI Act
ECOSYSTEM MAPPING
Collecting market data on digital finance in Europe
An
advocate
for
innovative
financial
services
Directorate General for Financial Stability, Financial
Services and CMU
● Financial data space
● TPP access to new data sets
● Regulatory sandbox (Pilot Regime)
● Harmonization by empowering ESAs
Directorate General for Communication Networks,
Content and Technology
● Regulates what already has been regulated or protected
● Re-regulates usage of AI in financial services
● Sandbox as a discussion place
OPEN FINANCE
FRAMEWORK
MICA/ PILOT REGIME
AI ACT
EBSI

5. An
advocate
for
innovative
financial
services
TREATMENT
COORDINATE WORK ON
REGULATORY SANDBOXES
HARMONIZE THE USE OF
EXPERIMENTATIONAL
CLAUSES
DUE DILIGENCE OF
PROTECTIVE MEASURES
(ALREADY IN PLACE)

6. THANK YOU!
maria@europeandigitalfinance.eu
An
advocate
for
innovative
financial
services