EBA surveys RegTech market
While FinTech is more frequently in the news, regulatory technology, or RegTech, shouldn’t be overlooked. RegTech has the potential to transform regulation and supervision, making supervisory reporting more efficient, useful and cost-effective.
To help identify and remove barriers to the adoption of RegTech solutions across the EU, The European Banking Authority (EBA) has launched an industry survey.
Amongst other areas, the survey wants to take a closer look at the way RegTech is being used to enhance and simplify supervisory reporting across the EU. The results will be used to inform policy discussions, address underlying risks and raise awareness of existing RegTech solutions.
The consultation will run until 30 September.
Read more and find out how to take part here.