Your browser does not support JavaScript!

Open finance: what prospects and policy needs (PSD2 review, data privacy, eID…)?

Day 1 Afternoon

Wednesday 23 February

Room :

QUEEN MARY (ground floor)

Speakers

Public Authoritiess
Denis
First Deputy Governor - Banque de France
José Manuel
Chairperson - European Banking Authority (EBA)
Ondřej
MEP - Committee on Economic and Monetary Affairs, European Parliament
Tomáš
Head of Payment services and Market Infrastructure Unit, - Ministry of Finance, Czech Republic
Tomas
Head of the Market Infrastructure Policy Unit - Bank of Lithuania
Industry Representativess
Arnaud
Chief Digital Officer - CACEIS
Charlotte
Executive Vice President and Chief Executive Officer - Visa Europe
James
Business Development Senior Project Manager, Strategy Development - Zurich Insurance Company Ltd

Objectives of the session

Like open banking for payments, access to data and financial services is expected to open a wide range of possibilities for third parties and financial institutions to improve the response to consumers’ real financial needs. The Digital Finance Strategy in Europe describes open finance as one of its foundations.

The experience gathered from the full implementation of PSD2 has informed the Commission on a broader framework for open finance, which is expected to present a legislative proposal for a new open finance framework by mid-2022.

In this context the objectives of the session are to some extent to elaborate on the success factors and challenges raised across financial products by the DFS notably comparing them with those already faced in the context of the roll out of the PSD2.

Questions to be addressed

  1. What are the key objectives, benefits, and possible challenges of the Digital Finance Strategy?
  2. What are the main technical and legislative building blocks required to achieve the ambitions of the EU Digital Finance Strategy?