European Banking Authority Set to Publish Sandbox Study, Guidance on Best Practices


The European Banking Authority (EBA) is expected to release a study within the next several weeks on regulatory sandbox approaches taken by its member states and published in the form of best practices guidance, as reported by PaymentsCompliance

EBA officials said that goals of the report include a more streamlined national regulatory and supervisory approach towards FinTech on a regional level. Ideally, similar set of issues and risks could be treated consistently across the EU with removal of regulatory obstacles. The EBA introduced its FinTech Knowledge Hub earlier in the year and held an industry roundtable on regulatory sandboxes and innovation hubs.

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