Consumer protection and financial innovation matters were once again a key priority for the Joint Committee over the last year, where in particular the ESAs continued their joint efforts in assessing the potential benefits and risks for consumers and financial institutions related to the developments in financial technology. The Report also highlights the ESAs' continued efforts in overseeing market developments and cross-sectoral risks, including those posed by Brexit.
In the area of anti-money laundering and countering the financing of terrorism (AML/CFT), the ESAs enhanced their focus on ensuring consistent application of AML/CFT rules across the EU and improving standards of AML/CFT supervision.
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