29 June 2020
- 29 June 2020
Innovation and Products
The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has submitted a response to the European Commissions (EC) consultation on a new digital finance strategy for the European Union (EU).
- Cooperation around financial innovation at EU level is key to remove fragmentation in the digital financial services market.
- ESMAs response also outlines several conditions needed for a well-regulated data-driven financial sector, including appropriate skills, data standardisation and data security.
- A letter to the EC from Steven Maijoor, the ESMA Chair, accompanies the response and summarises the main points.