EBA warns of wide differences in fintech regulation

Third of European fintech firms are completely unregulated, survey finds

EBA finds large proportion of fintech firms are not subject to regulation

Major differences exist between the way Europe’s various national financial regulators treat financial technology (fintech) firms, the European Banking Authority (EBA) has found.

The largest proportion of firms surveyed in the EBA’s large-scale “mapping exercise” of Europe’s fintech companies, released on August 4, are not subject to any regulation regime at all.

The mapping exercise was set out in an EBA document announcing a consultation exercise on its treatment of fintech. The results were