To stay competitive European industry has to continue developing new products which meet consumers’ preferences. The regulatory framework for new products is essential for the willingness to take on the risk and invest in the development of new solutions. From a EU perspective it will be crucial to find a way forward enabling the potential growth of FinTech in Europe.
- Are there any factors preventing FinTech from reaching its full potential?
- What regulatory problems do we find on national level and how can we ensure a level playing field?
- Could a correctly designed regulation at the EU level support liquidity innovation and growth within FinTech?
- What are the biggest challenges for the financial services industry when it comes to launching new products and how do we protect the consumers?
- Which new products have the chance to become disruptive innovations and how will current industry respond?
- What is needed to decrease barriers for new investments?
- What safeguards are needed to ensure that both consumers and the financial system are protected during testing?
- Which role does venture capital and the legislation regulating this sector play?
- How can we ensure that new technology does not compromise consumer- & investor protection?
- What impact does FinTech have on European businesses and today’s business models?
- Are there cross-border aspects with other jurisdictions we must consider to ensure that the EU’s Financial Markets stay competitive?
Jakob von Weizsäcker Member of the European Parliament
Peter Kerstens Adviser, Dir B – Investment and company reporting, DG FISMA, European Commission
Dan Morgan Head of Policy and Regulation, Innovate Finance
Noémie Papp Policy Adviser, European Banking Federation
Luke Scanlon Head of Fintech Propositions, Pinsent Masons LLP
Moderator: Bjorn Cumps Professor of Management Practice, Vlerick Business School