Page 32 - 期货和衍生品行业监管动态（2024年2月）

期货和衍生品行业监管动态

services currently carried out by BigTechs in the EU pursuant to EU licences and

highlights inherent opportunities, risks, regulatory and supervisory challenges. The

ESAs will continue to strengthen the monitoring of the relevance of BigTech in the

EU financial services sector, including via the establishment of a new monitoring

matrix.

In 2023 the ESAs, via the European Forum for Innovation Facilitators (EFIF),

conducted a cross-sectoral stocktake of BigTech subsidiaries providing financial

services in the European Union (EU) as a follow-up to the ESAs’ 2022 response to the

European Commission’s Call for Advice on Digital Finance.

The stocktake showed that BigTech subsidiary companies currently licenced to

provide financial services pursuant to EU law mainly provide services in the

payments, e-money and insurance sectors and, in limited cases, the banking sector.

However, the ESAs have yet to observe their presence in the market for securities

services.

To further strengthen the cross-sectoral mapping of BigTechs’ presence and

relevance to the EU’s financial sector, the ESAs propose to set-up a data mapping tool

within the EFIF. This tool is intended to provide a framework that supervisors from

the National Competent Authorities would be able to use to monitor on an ongoing

and dynamic basis the BigTech companies’ direct and indirect relevance to the EU

financial sector.

The ESA will also continue the cross-disciplinary exchanges in the setting of the

EFIF to further foster the exchange of information between EFIF members and other

relevant financial and non-financial sector authorities involved in the monitoring of

BigTechs’ activities (e.g., data protection and consumer protection authorities).

Background

More information about the EFIF can be found here.

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