Fintech development and its implication for banks and its supervisors

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The Basel Committee on Banking Supervision published a consulting document on the 30th August 2017 regarding the future development of the incumbent banks in light of the growing importance of fintech in the banking industry. Fintech is the current Hype with which the digitalisation and technological innovation is now reaching the financial sector.  Investments, especially Read More

The Banking Union and Union Courts: overview of cases

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The European Banking Institute recently published a list of cases within the Banking Union framework. The selection provides an excellent overview, covering: Actions for annulment against ECB supervisory decisions Actions for annulment against SRB decisions Preliminary ruling proceedings on EU Banking Law (CRR, CRDIV and SSM Regulation) Judicial proceedings concerning Banking Union legislation and/or acts Read More

EBI Working Paper Series – Regulating a Revolution: From Regulatory Sandboxes to Smart Regulation

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Abstract Prior to the Global Financial Crisis, financial innovation was viewed very positively, resulting in a laissez-faire, deregulatory approach to financial regulation. Since the Crisis the regulatory pendulum has swung to the other extreme. Post-Crisis regulation, plus rapid technological change, have spurred the development of financial technology companies (FinTechs). FinTechs and data-driven financial services providers Read More

EBI Working Paper Series – Supervisory Enforcement Actions and Depositors’ Reaction: Monitoring, Running, or Living a Quiet Life?

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Please find below the abstract of an very interesting article published within the EBI Working Paper Series by Manthos D. Delis, Panagiotis Staikouras, Chris Tsoumas. Abstract Public announcement of formal enforcement actions against banks for safety and soundness reasons may enhance effective depositor monitoring or cause depositors to overreact, leading to disruptive runs. We test these Read More

EBI Working Paper Series – From FinTech to TechFin: The Regulatory Challenges of Data-Driven Finance

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This week we want to put your attention to a very interesting Article within the EBI Working Paper Series: Financial technology (‘FinTech’) is transforming finance and challenging its regulation at an unprecedented rate. Two major trends stand out in the current period of FinTech development. The first is the speed of change driven by the Read More

L-Bank remains as SI – EU court rejects challenge

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The case “L-Bank ./. ECB” in which the state-owned development bank Landeskreditbank Baden-Württemberg Förderbank (L-Bank) filed a lawsuit with the European Court of Justice (ECJ) charging the classification as SI and the subsequently resulting direct supervision by the ECB (Case T-122/15), has been decided. The lawsuit has been submitted on 12 March 2015. The final Read More

Lexemo authors will contribute to RegTech Book

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We are very proud to announce that our Lexemo authors have been chosen as authors for the RegTech Book. The RegTech Book is the first globally crowd-sourced book about innovation in the Regulatory Technology Sector. The book is part of the FinTech Book series published by Wiley. The article from Tobias Bauerfeind, author for Lexemo and financial Read More

ECB expands the harmonization of options and national discretions (O&Ds)

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On April 14, 2017 the European Central Bank (ECB) has published the final version of a guideline and a recommendation on the exercise and interpretation of options and national discretions. The specifications are directed at the national competent authorities (NCAs) and hence are applicable to less significant institutions which are directly supervised by the NCAs. Read More