AFME outlines the regulatory framework needed to support banks as they adopt new technologies such as crypto-assets, artificial intelligence and cloud computing, harness the value from data, and address the challenges of cybersecurity and operational resilience.
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The “European Capital Markets in the Digital Age” paper calls on the
European Commission to promote innovation, competitiveness, and
resilience across Europe’s capital markets by providing:
- A competitive and level playing field: Ensuring
all firms involved in financial services, including technology firms,
adhere to the ‘same risk, same activity, same regulation’ principle
- Technology neutral legislation: Providing flexibility for firms to adopt new technologies in a risk based and proportionate manner
- Global consistency: Promoting regulatory
harmonisation across the EU, and global cooperation and consistency to
reduce the barriers for technology adoption
AFME
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