Digital Finance


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Digital Finance

The EU Digital Finance agenda is vital to address regulatory fragmentation, support cross-border activity, improve digital operational resilience, and encourage technology adoption and innovation in European wholesale capital markets.

Overview

AFME is a strong supporter of the Digital Finance agenda and supports the establishment of a Europe-wide digital regulatory framework that encourages innovation, increases technical capability, and improves the strategic competitiveness of the region.

We believe that the European regulatory framework for innovative activities needs to be globally consistent, and based on global standards, to sufficiently mitigate risks and support the competitiveness of the EU. Furthermore, the framework must remain technology neutral, principles-based and proportionate in order to support technology adoption.

Finally, AFME supports the establishment of a competitive and level playing field to ensure all firms involved in capital markets adhere to the principle of ‘same activity, same risk, same regulation’. A level playing field for all capital markets participants is essential to manage risk, whilst supporting competition and innovation.

Key areas of focus:


  • Cybersecurity and operational resilience: removing fragmentation in regulatory requirements, ensuring a principles and risk-based approach, establishing global consistency and a common lexicon;
  • New technologies and innovation: removing obstacles to digitisation in existing regulation, removing fragmentation in the regulatory treatment of crypto-assets, creating a clear and risk-based framework for AI;
  • Data-sharing: implementing a cross-sectoral approach for data-sharing, coordinating greater standardisation of data types and format, ensuring the secure transmission of data.
Key Documents
European Capital Markets in the Digital Age

European Capital Markets in the Digital Age: AFME’s vision for resilient, innovative and competitive capital markets

Digital Finance Strategy

Response to the European Commission Digital Finance Strategy consultation

Digital Operational Reslience

Response to the European Commission Digital Operational Resilience consultation

Crypto-assets

Response to the European Commission Markets in Crypto-assets consultation.

Data-sharing

Artificial Intelligence

Contacts

Andrew Harvey

Managing Director - Europe

David Ostojitsch

Director, Technology and Operations

Emmanuel Le Marois

Associate Director, Technology and Operations

Madeline Taylor

Associate, Technology & Operations, Policy

Fiona Willis

Associate Director