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Noemie Papp

Legal adviser

Consumer Affairs & Coordinator Digital issues

n.papp@ebf-fbe.eu

www.ebf-fbe.eu

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FOR MORE INFO CONTACT

Noemie Papp

Legal Adviser

Consumer Affairs & Coordinator Digital issues

n.papp@ebf-fbe.eu

www.ebf-fbe.eu

FIVE ACTIONS FOR THE FUTURE OF DIGITAL BANKING:

  • 1Boost digital inclusion by developing public-private partnerships between banks and public authorities.
  • 2Organise a full-fledged stakeholders debate on innovative payments and pan-EU solutions with consideration for costs and benefits for all stakeholders.
  • 3Promote a cybersecurity awareness campaign highlighting existing and new threats, making digital finance more secure and building trust.
  • 4Conduct a ‘fitness check’ on existing financial services legislation to adjust to the global market reality and to ensure consistency.
  • 5Conduct a joint assessment by both government and industry on opportunities and impact of crypto-technologies.

FOR MORE INFO CONTACT

Noemie Papp

Legal Adviser

Consumer Affairs & Coordinator Digital issues

n.papp@ebf-fbe.eu

www.ebf-fbe.eu

Driving
the Digital Transformation

The EBF blueprint for digital banking
and policy change

  • 1

    Foreword:
    We believe in digital

    Wim Mijs

    Chief Executive

    European Banking Federation

  • 2

    Highlights

    • 25
    • 37
    • 48
  • 3

    About the

    EBF blueprint

  • 4

    Banks

    increasingly

    turning

    digital

  • 5

Banks and the
Digital Single Market

Better access to banking products and services

  • Harmonise legal framework
  • Encourage public-private partnerships
  • Encourage convergence of EU tax and labour rules

Data value chain / Big data

  • Facilitate interoperability
  • Promote benefits of data analytics
  • Ensure balance between data protection and analytics methods

Digital payments

  • Enable competition and innovation while preserving trust and security
  • Clarify liabilities for third-party providers and banks under PSD2
  • Organize stakeholder debate on innovative payments

Cybersecurity

  • Promote awareness about new threats
  • Encourage public private partnerships
  • Creating framework for monitoring

Crypto-technologies

  • Build comprehensive regulatory approach
  • Make transactions subject to same regulatory standards (AML – ATF)
  • Public and private assessment of blockchain technologies

E-identification / e-signature

  • Remove existing barriers to cross-border use
  • Encourage confidence in e-identification
  • Establish common standards

Digital skills - competences, talent recruitment & digital education

  • Promote digital financial competencies in society
  • Raise awareness on benefits of digital products and services
  • Implement structured change management process

Removing regulatory inconsistencies

  • Support use of Better Regulation tool to remove inconsistencies
  • Create platform for discussion with DGs to ensure consistencies
  • Ensure DSM balances competition and innovation with trust and security