Publications -

Fintech: Regulatory sandboxes and innovation hubs

European Supervisory Authorities (ESAs)

The European Supervisory Authorities (ESAs), together with the European Securities & Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance & Occupational Pensions Authority (EOIPA) have published a joint report on innovation in the financial arena.

In the paper, the European authorities present a comparative analysis of what they call innovation facilitators established to date. They set out best practices to (i) achieve consistency across the single market, (ii) promote transparency of regulatory and supervisory policy outcomes, and (iii) facilitate cooperation between national authorities.

The two categories of innovation facilitators covered in the report are regulatory sandboxes and innovation hubs.