AFME “mixing issues” in call for EU emerging tech focus
EU regulations should be based on “core principles” rather than “technology”.
EU regulations should be based on “core principles” rather than “technology”.
The AFME focuses on crypto-assets, artificial intelligence and cloud computing.
French government official says Europe needs to support its start-ups.
Europe’s AFME lists five recommendations.
The paper also outlines several barriers to cloud adoption at present.
Recent cyberattacks, such as the October 2017 Swift attack, show how vulnerable financial firms across the globe are to the machinations of hackers.
Having been a fixture on the regulatory agenda for years, the go-live date for MiFID II is now rapidly approaching. On 3 January 2018, the second iteration of Europe’s Market in Financial Instruments Directive and Regulation will bring in sweeping changes to the financial markets on topics such as product governance and suitability, transaction reporting, commodities position limits and transparency.
The complexity of corporate actions has stymied automation efforts for more than a decade. But there could be light at the end of the tunnel …