You get the strategies, directives and regulations you ask for and the ones you don't want, you get when you don't engage! It's your voice, use it!
The consultation open on 3 April 2020 and runs until 26 June 2020. It may seem like you have a lot of time to read, consider and respond, but as we all know, time marches on quickly.
To assist with gathering responses, Fintech Ireland is happy to prepare a submission with comments if you don't have time to write your own response or indeed even if you intend to write your own response, but also wish to contribute to a Fintech Ireland one. In which case email us at consultations@fintechireland.com and put EU Digital Strategy in the subject header of your email. For those intending to respond directly to the EU Commission, see the end of this news post for how to proceed.
You can find the below information at https://ec.europa.eu/info/consultations/finance-2020-digital-finance-strategy_en
Target groupIn this consultation, the Commission is interested in hearing the views of a wide range of stakeholders, in particular, from Member States, national competent authorities, the European Supervisory Authorities, the European Central Bank, EU financial industry (incumbent financial institutions; start-ups; technology companies…), FinTech organisations, organisations representing the interests of consumers and investors, technology experts, academics and EU citizens.
Objective of the consultationIt is crucial that Europe grasps all the potential of digital age across the economy, including in the financial sector.
As set out in the Commission work programme, given the broad and fundamental nature of the challenges ahead for the financial sector, the Commission will propose in Q3 2020 a new digital finance strategy / FinTech action plan that sets out a number of areas that public policy should focus on in the coming five years.
This new strategy will build on the work carried out during the previous mandate, in particular in the context of the FinTech action plan. It will take into consideration all the recent market and technological developments that are likely to impact the financial sector in the near future.
Responses to this consultation will inform forthcoming work on a digital finance strategy / FinTech action plan.
How to submit your response(1) Through a joint response organised by Fintech Ireland - email us at consultations@fintechireland.com and put EU Digital Strategy in the subject header of your email.
(2) Direct at the EU Commission: "Please note that in order to ensure a fair and transparent consultation process responses should be submitted through the online questionnaire". Scroll to the bottom of this link - https://ec.europa.eu/info/consultations/finance-2020-digital-finance-strategy_en