EBA Report - Platformisation of Financial Services

In response to the newly emerged difficulties related to increased reliance of financial institutions on digital platforms for the marketing and distribution of financial services, the EBA published a new report setting out a list of measures aiming to improve supervisors’ understanding of emerging business models and visibility over new forms of interconnections within the EU financial system.
The Report of the Use of Digital Platforms was published on the 21st of September, and can be considered a component of the wider EU Digital Strategy.
In this alert you will read more about the current landscape, recommended actions and next steps.