Speakers
Objectives
Objectives
This session will examine the expected impact of the proposed Digital Omnibus Package in terms of burden reduction, legal clarity and improved conditions for digital innovation in the EU financial sector, and identify any further policy actions that may be needed to support digital transformation in the sector.
Points of discussion
- Simplification impacts of the Digital Omnibus Package
Does the Digital Omnibus Package proposal address the main sources of regulatory complexity and overlap in the EU digital finance framework? Are the proposed adjustments likely to deliver tangible improvements in terms of burden reduction and legal clarity? How significant are these benefits likely to be in practice, and do they vary across institutions, depending on their size, business models or activities? Are there areas where simplification or coherence across digital rules could go further? - Impact on innovation and the EU’s attractiveness for digital finance
Will the regulatory streamlining proposed in the Digital Omnibus Package contribute to improving the conditions for digital innovation in the EU financial sector? Are there remaining gaps in the EU digital framework that continue to hinder digital transformation? Are further policy or supervisory measures needed to address these issues?