One of the guiding pillars of the European Commission's Digital Finance Strategy is to ensure that EU legislation is innovation-friendly. We also want to ensure that Europe can make the most of the possibilities that crypto-assets have to offer, while mitigating the risks to consumer protection, market integrity, financial stability, monetary policy transmission and monetary sovereignty. This is in line with international work, such as the G7 report from October 201 A DIGITAL FINANCE STRATEGY FOR EUROPE A Digital Single Market for financial services A regulatory framework facilitating innovation Addressing the risks of digital transformation A European financial data space to promote data-driven innovation Better financial products for consumers and new ways of channelling funding to EU businesses, in particular SMEs. Supports Europe's economi The aim of these events is to present, inform and shape the EU digital finance strategy. The European Commission periodically organises online public discussions to present its work and gather views from key stakeholders such as Member States, national competent authorities, European organisations, financial institutions, market infrastructures, all other financial services providers, the public, and more Today's Digital Finance Package consists of a Digital Finance Strategy, a Retail Payments Strategy, legislative proposals for an EU regulatory framework on crypto-assets, and proposals for an EU regulatory framework on digital operational resilience consultation on a new digital finance strategy for Europe/FinTech action plan 5 Introduction On 3 April 2020, the European Commission launched a public consultation covering a range of issues that fall under the umbrella term digital finance, aiming to contribute to the new EU FinTech action plan to be published later this year
The journey towards this new Digital Finance strategy began in March 2018, when the Commission tabled an action plan on financial technology to enable the European financial sector to better make use of the rapid advances in new technologies that are transforming the industry and revolutionising the way people access financial services European Commission Digital Strategy. On 21 November 2018, the College adopted the Digital Strategy of the European Commission. It sets a vision for the Commission to become a digitally transformed, user-focused and data-driven administration by 2022 The European Commission published its new Digital Finance Strategy on 24 September 2020. One of its centrepieces is the draft Regulation on Markets in Crypto-Assets (MiCA), designed to provide a comprehensive regulatory framework for digital assets in the EU European Commission's Digital Finance Strategy consultation - EIOPA draft response Question 1 - What are the main obstacles to fully reap the opportunities of innovative technologies in the European financial sector (please mention no more than 4)? EIOPA considers that a sound approach to financial innovation should strike a balance between enhancing financial innovation and ensuring.
The digital finance strategy - in focus. In line with von der Leyen's speech, Commission Executive Vice-President Valdis Dombrovskis, currently responsible for financial services, said today that '[t]he future of finance is digital  An innovative digital single market for finance will benefit Europeans and will be key to Europe's economic recovery by offering better financial products. digital finance package includes a new Strategy on digital finance for the EU financial sector1with the aim to ensure that the EU embraces the digital revolution and drives it with innovative European firms in the lead, making the benefits of digital finance available to consumers and businesses. In addition to this proposal, the package also includes a proposal for a regulation on markets in. Stellungnahme zur Digital Finance Strategy for Europe Die Deutsche Kreditwirtschaft (DK) hat eine Stellungnahme zu der übergreifenden Strategie für einen digitalen Finanzmarkt in Europa (Digital Finance Strategy for Europe) des Digital Finance Package der Europäische Kommission abgegeben
EU Digital Finance Strategy: digital operational resilience - implications for market infrastructure ; Share on LinkedIn Tweet this Print Share on LinkedIn Tweet this Print Overview. The EU has issued a proposed regulation on digital operational resilience which may have practical implications for certain financial market infrastructure providers, including central securities depositories. . EVERYONE should be able to safely live their digital lives. The EU's economy, democracy and society depend more than ever on secure and reliable digital tools and connectivity we need to protect The European Commission wants financial firms and other companies to share more customer data to create a broader open finance space with new services for citizens, according to a draft of the..
The Digital Finance Strategy has four elements. Ensuring an EU regulatory framework to facilitate digital innovation is one of them, and the crypto-assets regulations fall into this. But innovation also includes promoting cloud computing, investments in software, and the uptake of artificial intelligence tools Published on 28th September 2020 The package consists of a digital finance strategy, a retail payments strategy, and legislative proposals for regulating the crypto-asset sector. The European Commission has adopted a new 'Digital Finance Package', aimed at boosting Europe's competitiveness and innovation in the financial sector . This would pave the way for certain regulated institutions to develop and test DLT-based infrastructure for the trading, custody and settlement of securities. In this post, we discuss the rationale for, and key features of, the. EU Digital Finance Strategy: digital operational resilience - implications for ICT service providers Overview In the autumn of last year, the EU issued a proposed regulation on digital operational resilience which is likely to have broad implications, not only for EU financial entities, but also those which provide ICT services to such entities, including UK ICT service providers The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has submitted a response to the European Commission's (EC) consultation on a new digital finance strategy for the European Union (EU)
technology neutrality. This strategy is therefore presented alongside the digital finance strategy and the two legislative proposals on a new EU framework for strengthening digital operational resilience and on crypto-assets. It is also complementary to the updated retail payments strategy presented by the ECB/Eurosystem in November 2019. European Commission presses on with fintech strategy, launching two new consultations; Next steps. The Digital Finance and Retail Payments Strategies have been finalised and will be implemented over the next few years. The legislative proposals will be taken forward by the legislative branches of the EU, i.e. the Council and Parliament. These.
, made up of a digital finance strategy, a retail payments strategy, legislative proposals for an EU regulatory framework on crypto-assets, and, proposals for an EU regulatory framework on digital operational resilience EU, Europe, Fintech, Regulatory November 10, 2020 On 24 September 2020, the European Commission (EC) adopted a new Digital Finance Package , which it published together with a communication entitled A Retail Payments Strategy for the EU containing specific policy measures needed in relation to payment services given their key role among digital financial services
Last month, the European Commission (EC) adopted a new Digital Finance Package, which it published together with a communication entitled A Retail Payments Strategy for the EU containing specific policy measures needed in relation to payment services given their key role among digital financial services. The European Parliament (EP) subsequently adopted a nonbinding. a Communication setting out a new strategy on digital finance for the EU financial sector; a proposed regulation on markets in crypto-assets and proposed regulation on a pilot regime for distributed ledger technology (DLT) market infrastructure; a paper on Retail Payments Strategy, and ; a proposed directive to clarify certain related EU financial services rules. Find out more. If you're an. Recently, the European Commission published its consultation on a new Digital Finance Strategy for Europe/FinTech Action Plan. The consultation builds on the outcome of work carried out in accordance with the March 2018 FinTech Action Plan, including the actions undertaken by the European Banking Authority (EBA) pursuant to its FinTech Roadmap The Digital Finance Strategy generally sets out how Europe can support the digital transformation in finance in the coming years, while regulating the related risks. It aims to make financial. The European Commission has published a Communication on its EU digital finance strategy for the coming years. The global economy has been transformed by digital innovation, and this includes financial services. The Commission's strategic objective is to embrace digital finance for the benefit of consumers and businesses while ensuring digital transformation is soundly regulated. To achieve.
At EU level, this process is accompanied by numerous legislative measures, among other things, as part of the Digital Finance Strategy. We support you in seizing the full potential of digital innovations without neglecting the associated risks. Contact Dr. Petra Gutjahr Head of Digital Finance Expert Group . E-Mail. Key EU Initiatives . Framework for crypto-assets - MiCA and pilot regime. 2 Retail payments strategy (RPS) 3 Draft Regulation Of Crypto-assets (MiCA) 4 Pilot regime for market infrastructures based on distributed ledger technology (DLT) 5 Digital operational resilience / cloud computing (DORA) Our International Finance and Financial Regulation Group have reviewed the package and have summarised their key findings below
Key policy areas of the EU digital strategy. The EU is working on several policies contributing to the digital transformation. Below are the main policy areas. Digital sovereignty. In the post-COVID-19 environment, the EU aims to protect and reinforce its digital sovereignty and leadership in strategic international digital value chains as key elements to ensure strategic autonomy in the. Click HERE to find out ⭐ Here is the EU Strategy for SMEs and Digital Europe, Digital Assets on the List. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more Auf EU-Ebene wird dieser Prozess durch zahlreiche gesetzliche Maßnahmen begleitet, die u.a. im Rahmen der Digital Finance Strategy angekündigt wurden. Wir unterstützen Sie dabei, das Potential digitaler Innovationen optimal auszuschöpfen, ohne den Blick auf die damit verbundenen Risiken zu verlieren. Kontakt Dr. Petra Gutjahr Head of Digital Finance Expert Group. E-Mail. Wesentliche. The Digital Finance Strategy for the EU is below as well. European Union-digital-finance-factsheet_en 9.24.20. European Commission-digital-finance-strategy_en 9.24.20 . Sponsored Links by DQ. Digital finance: merging risks in crypto-assets E- Regulatory and supervisory challenges in the area of financial services, institution and markets. The main purpose of the EAVA is to identify possible gaps in European Union (EU) legislation. The various policy options to address this gap ar
Is the EU digital finance strategy sufficient to unleash European innovation? What more can be done? Speaker: Pēteris Zilgalvis, Head of Unit, Digital Innovation and Blockchain, European Commission. View details & speakers Enabling the EU Digital Finance Strategy with new technology adoption. What are the main drivers of the EU digital finance strategy?. The Digital Finance Strategy seeks to make financial services more digital-friendly and to stimulate responsible innovation and competition among EU financial service providers. It sets out four. DIGITAL FINANCE STRATEGY FOR THE EU: A THIRD COUNTRY PERSPECTIVE For a successful European Digital Finance Strategy, joint effort is needed to foster regulatory dialogue and cooperation, together with the private sector, with other global and innovative financial centres, like Switzerland, with a view to: Read more. Discussion papers. GETTING READY FOR THE '20s - TECHNOLOGY AND THE FUTURE OF. digital finance in terms of innovation and competition while mitigating the risks arising from it. 2.3 In addition to the proposal on digital operational resilience, the digital finance package includes a new strategy on digital finance for the EU financial sector1 and a proposal for a regulation on markets in crypto assets together with a proposal for a regulation on a pilot regime on. A framework to enable convenient, competitive and secure Digital Finance, including legislative proposals on crypto assets, and on digital operational and cyber resilience in the financial sector and a strategy towards an integrated EU payments market that supports pan-European digital payment services and solutions (Q3 2020). Communication on Business Taxation for the 21st century, taking.
On 9 March, the European Commission published a Digital Compass to help advance EU ambitions for a digital transformation by 2030. The proposals rest on four points: 1) ensure more citizens and professionals have basic digital skills, 2) provide sustainable digital infrastructure, 3) promote the digital transformation of private businesses and public services and 4) encourage a system of. Digital finance: Towards a common EU approach Reflecting on the E A [s work to-date, and looking towards the new Digital Finance Strategy, I would like to focus today on the progress we have made towards removing obstacles to the application of innovative technologies in the banking and payments sectors, namely by working to achieve technological neutrality in our regulatory and supervisory.
Following up on the Lisbon Strategy, the Digital Agenda for Europe was conceived as one of the seven flagship initiatives of the Europe 2020 strategy adopted by the Commission. Published in May 2010, it sets out to define the key enabling role that the use of ICTs will have to play if Europe wants to succeed in its ambitious 2020 goals. In order to ensure a fair, open and secure digital. Accountancy Europe has responded to the European Commission's consultation on a new digital finance strategy for Europe/FinTech action plan. Downloads. Response to EC's consultation. 269.1 KB. Links . Consultation on a new digital finance strategy for Europe/FinTech action plan. Related content. EventEarly Warning Europe SME summit. 30 September 2021. Read more. EventRoad to digital: How to. EU digital policy roadmap address aspects such as workforce digital skills, infrastructure, green transition, digitalizing public services, or cybersecurity, among other topics. 7 4 Ursula von der Leyen, A Union that strives for more, My agenda for Europe, 2019, https://ec.europa.eu The package also includes an overarching digital finance strategy, which among other things trails Commission plans to harmonise rules on customer onboarding in digital financial services, as well as a new retail payments strategy that hints at potential future reform of the EU's second Payment Services Directive (PSD2)
https://app.livestorm.co/european-commission/digital-finance-strategy-launch . Areas of Practice. Institutional law; Human Rights; Internal Market; External Relations. While EU Finance Ministers reiterated their support for a global agreement in the OECD/G20 format, the international negotiations have entered a crucial phase with the mid-2021 deadline approaching. The launch of the public consultation on a digital levy shows that the Commission is already working on its own plan to address the challenges arising from digitalization of the economy. The. Eurosif expects new EU sustainable finance strategy at the start of July. By Luigi Serenelli 2021-06-08T13:32:00+01:00. No comments. The European Sustainable Investment Forum (Eurosif), is expecting the European Commission's renewed sustainable finance strategy to be launched on 6 July, said Victor van Hoorn, Eurosif's director, during a Swiss Sustainable Finance (SSF) market study virtual. Digital finance package In the opinion drafted by Petru Sorin Dandea and Jörg Freiherr Frank von Fürstenwerth , the Committee endorses the Commission's proposal on the digital finance strategy and stresses that the major challenges in the EU financial sector resulting from digitalisation must be tackled head on Therefore, at Deloitte, we advise our clients on how to leverage emerging technologies in order to rethink their finance strategy. Within our practice, a specific team is dedicated to leverage our service offering with deep EU industry expertise and helping the EU institutions to address their key finance, accounting and reporting challenges.
DORA is a draft regulation published by the European Commission and forms part of the European Commission's wider Digital Finance Strategy to support the development of digital finance while mitigating associated risks. In particular, DORA is designed to uplift existing ICT risk management requirements for financial entities and to consolidate these requirements into a single legislative. The new EU trade strategy unveiled by the European Commission contains much to be welcomed, but not much that is new, writes Isabelle Brachet SME Strategy for sustainable, digital and resilient industrial ecosystems in Europe European Commission. DG GROW, Unit H1 SME Strategy. Classified as public by the European Medicines Agency . European SMEs and Economic Recovery . CONTENTS. 1. The importance of SMEs in the EU. 2. The SME strategy: the long term framework for SMEs' economic recovery-Twin transition-Cutting red tape and tapping.
Green finance strategy A comprehensive approach to greening financial systems, mobilising finance for clean and resilient growth, and capturing the resulting opportunities for UK firms. From: HM. The EU Industrial Strategy must reduce barriers within the Single Market and open up access to finance for small and medium enterprises. One concrete measure is establishing a single European administration centre for businesses, with centralised registration schemes (for company registry, product authorisations, unitary patent scheme, etc.) and an active information network that provides. The German Banking Industry Committee (GBIC) participated in the EU Commission's consultation and gave its comments on the EU digital finance strategy - on a new FinTech action plan. The consultation serves to prepare concrete implementation proposals of the EU Commission. The consultation paper discusses the impact of important market and technology developments in the financial sector
The new strategy reveals ambitious objectives designed to stem the growing threats to companies and individuals in Europe. At a high level, it aims to enable the EU's economy, democracy and society to operate on 'secure and reliable digital tools and connectivity' and proposes to integrate cyber security into every element of the supply. EU launches digital identity wallet driven by pandemic, digital push By Foo Yun Chee on Jun 4, 2021 6:55AM Expected to improve access to public, private services (BRUSSELS) - The EU Commission set out its future trade strategy Thursday, focusing on economic recovery that is green and digital, which strengthens multilateralism and reformes global trade rules. The Commission says it is addressing one of the biggest challenges of our time and responding to the expectations of its citizens by putting sustainability at the heart of its new trade strategy. The EU Digital COVID Certificate, available in paper or digital format, will make it easier for Europeans to travel - whether to see their families and loved ones or to get some well-deserved rest. We would like to thank the European Parliament and the Portuguese Presidency for their dedication, perseverance and immense work at record speed to find an agreement on the proposal we presented On 16 December 2020, the European Commission published a new EU cybersecurity strategy.. Key components of the strategy include: A proposed Directive on measures for a high common level of cybersecurity across the EU (revised NIS Directive or 'NIS 2′), in order to increase the level of cyber resilience of critical public and private sectors
Strategy & Annual Reports; Perspectives; News; Thematic Areas. We are looking for scaleups leveraging digital technologies that are applicable to one of the five thematic areas: Digital Tech, Digital Cities, Digital Industry, Digital Wellbeing and Digital Finance. Home; EIT Digital Challenge; Thematic Areas; Digital Tech . Inventing the digital future with core technologies providing secure. The European Commission has introduced a legislative proposal for an EU digital identity wallet that would allow numerous services like opening a bank account or filing tax returns to be. The EU member states should recognize that digitalization challenges classic diplomacy at the national level, to the extent that the foreign policy role of the EU Commission changes in the course of implementing the European Digital Strategy: Its role is gaining more weight in cyber diplomacy. It is the Commission that urges member states to be vigilant about attempts to divide them. Eveniet in vulputate velit esse molestie cons to equat, vel illum dolore eu feugiat nulla facilisis seds eros sed et accumsan et iusto odio dignis sim. Temporibus autem. Temporibus autem. Category: Strategy
The strategy outlines the focus of the Government's digital policy. The vision is for sustainable digital transformation in Sweden. The overall objective is for Sweden to become the world leader in harnessing the opportunities of digital transformation On 10 February 2021, the European Commission (Commission) published a summary report of the stakeholder consultation on the Renewed Sustainable Finance Strategy.On 11 December 2019, the Commission adopted its Communication on a European Green Deal (EGD), which significantly increases the EU's climate action and environmental policy ambitions.. However, the financial system as a whole is not.
Revisiting the EU Cybersecurity Strategy: A Call for EU Cyber Diplomacy . Annegret Bendiek and Matthias C. Kettemann . In December 2020, the European Union (EU) presented its new strategy on cybersecu-rity with the aim of strengthening Europe's technological and digital sovereignty. The document lists reform projects that will link cybersecurity more closely with the EU's new rules on data. Angestellt, Digital Strategy Manager, Accenture. Aachen, Deutschland. Logg Dich ein, um alle Einträge zu sehen. Werdegang. Berufserfahrung von Yona Paproth. Bis heute, seit Jan. 2021. Digital Strategy Manager. Accenture. At Accenture Applied Intelligence we combine AI with data, analytics & automation to transform organizations across every function at scale. 5 Jahre und 3 Monate, Juli 2015. In the Digital Business Strategy program, you will learn to steer change processes in established companies or how to bring new momentum to an industry through start-ups. Inspiring positions await you in corporate strategy, as well as international project and process management, online marketing and customer relationship management, management consulting or Industry 4.0 The EU Commission has just rolled out its strategy plan on Digital Finance through a recent communication. The plan is part of a broader package which includes additional legislative proposals to help the EU Financial sector during the post-pandemic recovery. The challenge faced by the EU Commission this time is to balance the need for digital innovation, whilst mitigating any risks inherent.
Finance Strategy is an approach for the planned development of the Finance function based on a clearly defined vision, strategy and roadmap. It helps to build on insights from business context, stakeholder expectations and own performance & capabilities to focus on opportunities that create value FINANCE FINLAND Itämerenkatu 11-13, FI-00180 Helsinki, Finland E-mail: email@example.com , Switchboard: +358 20 793 4200 On-call media service (8.00-17.00) +358 20 793 424 Coronavirus prompts delays and overhaul of EU digital strategy. The coronavirus crisis is forcing the EU to redraw its digital strategy and important legislation is now likely to be delayed. Finance Strategy & Digital Transformation - Public Sector (Non-EU) - Consultant Deloitte Belgium Zaventem, Flemish Region, Belgium 10 minutes ago Be among the first 25 applicant The digital finance package includes a new Strategy on digital finance for the EU financial sector with the aim to ensure that the EU embraces the digital revolution and drives it with innovative European firms in the lead, making the benefits of digital finance available to European consumers and businesses, the MiCA draft reads. A Gauntlet Throw-Down for Tech Firms Based in the U.S.
The Strategy was launched by the Minister for Finance, Paschal Donohoe TD, and Minister of State for Financial Services and Insurance, Michael D'Arcy TD. The employment target for the Strategy is to reach 50,000 people in direct employment in the sector by 2025. This compares with 44,000 people directly employed in the sector at the end of 2018 This strategy recognises the role of the financial sector in delivering global and domestic climate and environmental objectives. It sets out: the proposals for green finance at the heart of.
The European Union has unveiled plans for a digital ID wallet that residents could use to access services across the 27-nation bloc. The move is part of a post-pandemic recovery strategy that. European Commission announces consultation on EU Digital Finance Strategy. by Practical Law Financial Services. Related Content. The European Commission has published a banking and finance newsletter, which provides more information on the future EU Digital Finance Strategy. Free Practical Law trial. To access this resource, sign up for a free trial of Practical Law. Free trial. Already. Digital single market: strategy review could bring breakthrough: 10/05/2017: EU business should be free to move data: 10/01/2017: Stimulus for e-commerce positive - but doubts on geo-blocking initiative: 25/05/2016: EU industrial digitalisation strategy just in time - ACT NOW: 19/04/2016: EU and USA must urgently provide revised Safe. On 24 September 2020 the European Commission published its long-awaited draft regulation on digital operational resilience for the EU financial services sector (DORA). The proposal, which is part of the broader Digital Finance Strategy package, is a first European-level legislative initiative aiming to introduce harmonised and comprehensive framework on digital operational resilience for. The new strategy for digital transformation focuses on the key areas of digital skills, infrastructure, and the transformation of businesses and public services. A particular emphasis is placed on the role of small and medium businesses: SMEs have a central role in this transition, not only because they represent the bulk of the EU companies, but also because they are a critical source of.
@AirbusDefence, @Consiglio Nazionale delle Ricerche, @EU_Commission, @Istituto Nazionale di Ricerca Metrologica, @Leonardo, @Orange, @PwC_France, @Telespazio Brussels, 31 May 2021 - The European Commission has selected a consortium of companies and research institutes to study the design of the future European quantum communication network, EuroQCI (quantum communication infrastructure) InnovFin - EU Finance for Innovators is a joint initiative launched by the European Investment Bank Group (EIB and EIF) in cooperation with the European Commission under Horizon 2020.. InnovFin aims to facilitate and accelerate access to finance for innovative businesses and other innovative entities in Europe 20 May - EU Tech Chamber Digital Transformation Council - Topic: Digital Transformation of the Finance Industry Posted May 10, 2021 May 10, 2021 Marketing Team Digital transformation is racing through the financial services industry , upending traditional business models and processes, whether in customer-facing or internal functions Speaking as the bank puts the finishing touches to its first strategy review in nearly 20 years, Lagarde made a passionate plea for the ECB to adapt to new challenges, such as the fight against climate change and the rise of digital currencies. She also said the bank had to get better at listening to — and communicating with — European citizens Large Enterprise We focus on C-level decision makers in large enterprise. Challenges & Solutions We collaborate with senior decision makers to explore solutions to their current strategic challenges. Business Development We work with you to identify new business opportunities, build new relationships, generate new business and accelerate the sales process. [ A new strategy for EU consumer policy is urgently needed, not only because the pandemic has caused an economic downturn but also because of the ever-increasing speed of market developments and the profound digital and green transformation of our society. The European Consumer Organisation (BEUC) therefore welcomes this milestone document, which should be the lodestar for policy makers to.