The document discusses regulation of the FinTech sector in Europe. It notes there is huge variation in the regulatory status of FinTech firms across Europe and regulatory status does not correlate with technology. FinTech firms are calling most urgently for EU harmonized regulation in areas like distributed ledger technology, artificial intelligence, crowdfunding, and peer-to-peer lending. The document also summarizes recent reports from the European Supervisory Authorities on robo-advice, concluding no specific regulatory action is needed currently, and from the European Central Bank on FinTech banks and important considerations for their effective leadership and alternative credit scoring.

1. 1
The Future of FinTech Regulation

2. 2
Main Actors

3. 3
The classics: mapping and consulting

4. 4
The classics: mapping and consulting
 Huge variation in the regulatory status of FinTech firms
EBA Discussion Paper 04 08 2017 – Figure 1

5. 5
The classics: mapping and consulting
 Huge variation in the regulatory status
 Regulatory status does not appear to correlate with technology
 Considerable differences between regulatory regimes in Europe
 Different policies in place for supporting the development of FinTech
 FinTech sector demands most urgently EU harmonized regulation in
the fields of DLT (blockchain), A.I., Crowdfunding and P2P lending

6. 6
ESA on Robo-advice
 Is specific regulatory or supervisory action
needed?
 The risks & benefits
 Heavy regulation already in place
 Conclusion: No specific regulatory action is
required at this stage

7. 7
ECB on FinTech Banks
 First FinTech specific definition
 Same service, same risk, same rules?
 Important points:
o Technical competences for effective
leaders and shareholders
o Alternative credit scoring methods
o Exit plan
o Possibility of bigger buffers
o Outsourcing

8. Lucien
Vanessa
Thomas
Philippe
Catherine
Gaëtan
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by Simont Braun
@simontbraun - Simont Braun - digitalfinance@simontbraun.eu