Tagged: european commission

March 8, 2018 @ 6:59 am By JD Alois  |  

The European Commission has published their Fintech Action Plan representing a strategic approach to boosting “technology-enabled innovation in financial services”.  As a first “major deliverable,” the Commission published new rules designed to help crowdfunding platforms to expand across the EU’s single market. The Commission is also… Read More

February 26, 2018 @ 4:43 pm By JD Alois  |  

The European Commission has launched a consultation as to how to better define a Small and Mid-sized Enterprise – commonly referenced as an SME. This definition is important as it can be used as a basis for policy decisions.  SMEs are the engines of economic… Read More

February 26, 2018 @ 1:42 pm By JD Alois  |  

In a speech today delivered by European Commission Vice President Valdis Dombrovskis, the public official commented on the the EU Roundtable on Cryptocurrencies. The “debriefing” was light on details and simply shared a high level perspective of the discussion. Dombrovskis said the mission of the… Read More

February 2, 2018 @ 12:11 pm By Erin Hobey  |  

The European Commission has launched a Blockchain Observatory and Forum with the express aim of supporting the EU’s emerging fintech industry. The Commission indicated the initiative will aim to reinforce European engagement with multiple stakeholders involved in blockchain activities, consolidating expertise and addressing the challenges created… Read More

December 29, 2017 @ 2:06 pm By JD Alois  |  

The European Commission recently launched a competition seeking new Blockchain tech creating solutions for positive social change. The new Horizon Prize is called “Blockchains for Social Good” and the competition will see €5 Million handed out in increments of € 1 million for five different recipients…. Read More

November 7, 2017 @ 1:59 am By JD Alois  |  

The European Commission has published an Inception Impact Assessment that pitches a legislative proposal for an EU framework for crowdfunding including peer to peer lending. The initiative is accepting feedback from interested parties until November 27, 2017. The expectation is the Commission will create a… Read More

August 16, 2017 @ 10:32 am By JD Alois  |  

Last month, the European Commission, Financial Stability, Financial Services and Capital Markets division, launched a consultation on non-performing loans being held by banks. The Commission is seeking feedback on the development of secondary markets for distressed debt. Policymakers view this as essential in tackling the… Read More

July 23, 2017 @ 2:15 pm By JD Alois  |  

CrowdfundRES is a group of policy recommendations to improve the regulatory and market framework to boost investment in renewable energy across the European Union. A group of 14 different partners worked on the project that saw the participation of the European Crowdfunding Network and four… Read More

June 16, 2017 @ 3:33 pm By Cole Lyons  |  

  The Federation of European Securities Exchanges (FESE) recently published their response to the European Commission’s Consultation, “FinTech: a more competitive and innovative European Financial Sector.” In their response, they listed three principles that they believe will be vital for the development of the Fintech… Read More

June 15, 2017 @ 7:17 am By JD Alois  |  

The European Commission public consultation on Fintech ends today. Launched in March, the consultation was created to better understand how Europe can engender a more competitive and innovative financial sector. The feedback will hopefully help guide the Commission how Fintech can make the EU Single Market… Read More

June 7, 2017 @ 3:23 pm By JD Alois  |  

Earlier this year, the European Commission published a consultation paper on Fintech. Entitled, “Fintech: A More Competitve and Innovative European Financial Sector,” comments are starting to be published as the deadline nears (June 15, 2017). The ESMA published their comments today. The consultation was predicated… Read More

June 7, 2017 @ 2:30 pm By JD Alois  |  

Response Specifically Targets, AI, Crowdfunding, Blockchain, Regtech & More. The European Securities and Markets Authority (ESMA) has responded to the European Commission consultation paper on “Fintech: a more competitive and innovative financial sector”. The ESMA welcomed the initiative to take a stock-take of the EU’s… Read More

May 26, 2017 @ 3:02 pm By Therese Torris  |  

Individual Fintech startups can’t disrupt financial services. It takes an ecosystem to do so. We spoke in Paris with Anaïs Raoux, the Managing Director of the industry association France Fintech about how the association helps build an effective ecosystem for French Fintechs ‒ tackling issues… Read More

March 23, 2017 @ 11:14 pm By JD Alois  |  

The US Fintech marketplace is saddled with 50 different state regulators and innumerable federal agencies touching financial services. The UK is dealing with Brexit ramifications and its divorce proceedings with continental Europe. Meanwhile, the European Commission is considering passporting Fintech services in recognition of the profound benefits… Read More

March 20, 2017 @ 2:30 pm By JD Alois  |  

In Europe, the cultural and creative sectors (CCS) are not very familiar with crowdfunding. In order to better understand and evaluate the potential of crowdfunding for creatives and cultural organizations, the European Commission has launched Crowdfunding4Culture. The initiative seeks to pinpoint what actions public authorities should take… Read More

January 29, 2017 @ 10:07 am By JD Alois  |  

As part of its efforts to achieve a Capital Markets Union (CMU), the European Commission has launched a public consultation on the planned CMU mid-term review. This consultation offers an opportunity for stakeholders to provide targeted input to complement and advance actions put forward in… Read More

December 31, 2016 @ 4:50 pm By JD Alois  |  

The European Commission has announced the appointment of a group of individuals to advise on sustainable finance. The initiative is part of the ongoing Capital Markets Union (CMU) which took a serious blow following the Brexit decision.  The intent of the expert group is to… Read More

November 14, 2016 @ 2:41 pm By Samantha Hurst  |  

The European Commission has reportedly set up an internal task force that is focused on financial technology (aka fintech). While sharing details about the group, Roberto Viola, director general for DG Connect and Olivier Guersent, director general DG Financial Stability, revealed in a press release the key… Read More

September 16, 2016 @ 1:00 pm By JD Alois  |  

File this one under recently discovered, but the European Commission published a report earlier this year that pretty much crushed any hope for a more synchronized approach for debt and equity crowdfunding across Europe. As highlighted in the editorial by Alessandro Lerro earlier this week,… Read More

July 26, 2016 @ 12:34 pm By Erin Hobey  |  

The European Commission has launched a call for tenders for a service contract to conduct a study on the fintech sector with a total price that cannot exceed 350,000 Euros, according to a release. The objective of the contract is to better understand the fintech sector… Read More