The Joint Committee also undertakes work related to other cross-sectoral issues, such as the regulation of benchmarks, structured financial products (securitisation), credit rating agencies and others.
Further details are available on the Joint Committee website and will be included here progressively.
European Forum for Innovation Facilitators (EFIF)
The EFIF provides a platform for supervisors to meet regularly to share experiences from engagement with firms through innovation facilitators (regulatory sandboxes and innovation hubs), to share technological expertise, and to reach common views on the regulatory treatment of innovative products, services and business models, overall boosting bilateral and multilateral coordination.
The EFIF was established further to the January 2019 Joint ESA report on regulatory sandboxes and innovation hubs which identified a need for action to promote greater coordination and cooperation between innovation facilitators to support the scaling up of FinTech across the single market.