CEPS-ECRI conference in cooperation with BEUC and EFIN.
The aim of the conference is to explore, from the perspective of financial inclusion, both the potential risks and benefits for everyone in society of innovations in financial services products and delivery systems, encompassing big data and fintech. The underlying question is whether regulators should act in anticipation of these developments, and if so, what actions will best guarantee a positive outcome, without stifling innovation.
Each of the panels will focus on the following three questions:
In the aftermath of the financial crisis, banks have accumulated about a trillion euro of non-performing loans (NPLs) in their balance sheets. The high levels of NPLs in countries such as Italy, Greece and Portugal constrain their banks’ lending abilities, which causes delays in the countries’ economic recovery.
Between 2011 and 2015, global investment in FinTech increased eightfold. Resulting from the use of enabling digital technologies, new products and processes are being developed by “traditional” providers and by ever-rising numbers of FinTech startups. While policy-makers are gradually creating the necessary conditions to strengthen this digital transformation of financial services, numerous policy issues and unanswered questions remain.
CEPS Conference Room 1, Place du Congrès - 1000 Brussels
In a context of rising competition and increasingly exigent consumers, established banks and newcomers are using enabling digital technologies to develop new products, processes and...
This third meeting of the ECRI Task Force places the focus on the most adequate regulatory framework for pre-contractual information duties in the digital era, as well as on the possibilites to improve the regulatory framework for...
This second meeting of the ECRI Task Force on FinTech places the focus on the most adequate level playing field to ensure a successful digital transformation and on the opportunities and risks of use of alternative...
CEPS Conference room Place du Congrès 1 - 1000 Brussels
In recent years, digitalisation of the economy has accelerated at a steady pace, and retail financial services for households are no exception to this phenomenon.
CEPS Conference room Place du Congrès 1 - 1000 Brussels
As revealed by the study on FinTech recently completed by CEPS-ECRI for the European Commission DG FISMA, the number of technological options for consumer authentication in payments is increasing at a steady pace and has vast implications for the KYC (know-your-customer) and AML (anti-money laundering) processes.
The European Credit Research Institute (ECRI) is a think-tank managed by CEPS and has its own board with its own strategy. At present, its funding is based on some combination of research projects and membership fees. ECRI is supported by 10 prestigious members whose primary focus is on payments and consumer loans: