ESMA LIBRARY

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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
13/07/2020 ESMA70-151-3186 3rd EU-wide CCP Stress Test Report CCP Directorate, Post Trading Report PDF
5.94 MB
09/01/2019 ESMA50-157-1391 Advice on Initial Coin Offerings and Crypto-Assets Innovation and Products Report PDF
882.48 KB
07/06/2017 ESMA50-158-457 ESMA response to the Commission Consultation Paper on Fintech: A more competitive and innovative financial sector Innovation and Products Report PDF
712.26 KB
  1. ESMA welcomes the opportunity to respond to the Commission Consultation paper on Fintech: a more competitive and innovative financial sector (hereafter “the Consultation”).
  2. Fintech and, technological innovation in general, have been the drivers of a number of developments in the financial sector in recent years. Indeed, new forms of services and businesses such as automated advice or crowdfunding have emerged. ESMA sees these developments as a positive evolution as long as they are aimed at improving consumer financial experience and facilitate financial inclusion. ESMA would also want to stress that it adheres to the core principles (technological neutrality, proportionality and market integrity) highlighted by the Commission and agrees that any EU policies aiming to ensure the financial sector takes advantage of cutting-edge technologies, while remaining sound and safe for investors, need to integrate these principles.
  3. In this response, ESMA wishes to share with the Commission some reflections on a number of topics mentioned in the Consultation which appear relevant to ESMA:
    • Artificial intelligence and big data analytics for automated advice and businesses;
    • Crowdfunding;
    • Reg Tech;
    • Outsourcing and cloud computing;
    • Distributed ledger technology;
    • Role of regulation and supervisors; and
    • Role of industry: standards and interoperability
29/09/2020 ESMA WP-2020-3 ESMA working paper on DVC mechanism and impact on EU equity markets Innovation and Products, Risk Analysis & Economics - Markets Infrastructure Investors Report PDF
535.76 KB
18/02/2021 ESMA WP-2021-03 ESMA working paper on MiFID II research unbundling Innovation and Products Report PDF
655.56 KB
29/06/2020 ESMA50-164-3463 ESMA’s response to the European Commission’s Consultation on a New Digital Finance Strategy for Europe Innovation and Products Report PDF
380.54 KB
07/01/2019 JC 2018 74 Joint ESA report on Regulatory sandboxes and innovation hubs Innovation and Products, Joint Committee Report PDF
478.79 KB
04/02/2021 JC 2021 03 Joint ESAs Final Report on RTS under SFDR Joint Committee, Sustainable finance Report PDF
2.58 MB
30/01/2013 2013/159 Q&A on Implementation of the Regulation on short selling and certain aspects of credit default swaps (2nd update) Short Selling Q&A PDF
873.32 KB
29/05/2018 ESMA70-145-408 Question and Answers (Q&A) on the Regulation on short selling and certain aspects of credit default swaps (SSR) Short Selling Q&A PDF
536.17 KB
01/07/2015 2015/1005 Questions and Answers: Investment-based crowdfunding: money laundering/terrorist financing Innovation and Products Q&A PDF
157.73 KB
12/07/2019 ESMA50-164-2430 Report on the Licensing of FinTech business models Innovation and Products Report PDF
585.36 KB
18/12/2019 ESMA30-22-762 Report on undue short-term pressure on corporations from the financial sector Sustainable finance Report PDF
2.11 MB
06/02/2020 ESMA22-105-1052 Strategy on Sustainable Finance Sustainable finance Report PDF
161.97 KB