Type of event: telephone conference, restricted to National Competent Authorities.
On the agenda:
- the role of FinTech in responding to the COVID-19 crisis and the impact of the crisis on the FinTech industry
- functions and the tasks of the EFIF in view of the upcoming EU Digital Finance Strategy
Please contact the innovation facilitator established in your jurisdiction if you would like to get in contact with the EFIF. A list of all the innovation facilitators which are currently in place across the European Union can be found here.
This event will be the first one after EIOPA has taken over chairmanship of the EFIF from the European Banking Authority (EBA) on 1 May 2020.
A summary of this conference hosted by EIOPA will be published on the EFIF web page thereafter.
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.
This is to enhance firms’ understanding of regulatory and supervisory expectations and increasing the knowledge of competent authorities about innovations and the opportunities and risks they present.
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.