Activities of Barbara KAPPEL related to 2016/2243(INI)
Plenary speeches (1)
FinTech: the influence of technology on the future of the financial sector (debate) DE
Shadow reports (1)
REPORT on FinTech: the influence of technology on the future of the financial sector PDF (372 KB) DOC (85 KB)
Amendments (9)
Amendment 19 #
Motion for a resolution
Recital B
Recital B
B. whereas any actor can be a FinTech, regardless of the kind of legal entity it isFinTech is still a young industry, with blurred definitions, making it unclear whether an actor can be regarded as a FinTech or not; whereas the value chain in financial services increasingly includes alternative actors such as start-ups or tech- giants;
Amendment 101 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Calls on the Commission to draw up a FinTech Action Plan, which should boost its Capital Markets Union (CMU) andcomplement the Digital Single Market (DSM) strategiesy and aim at a competitive financial system, financial stability and consumer and investor protection;
Amendment 130 #
Motion for a resolution
Paragraph 4 – point c
Paragraph 4 – point c
Amendment 139 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Recommends that the competent authorities allowuniformly define controlled experimentation with new technologies for both for new entrants and existing market participants; highlights that a pro-activeStresses that a forward- looking dialogue with market participantlayers can help regulatory and supervisorsy and regulators to developuthorities to acquire technological expertise;
Amendment 151 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Highlights that some central banks are already experimenting with virtual currencies as well as other new technologies; encourages the relevant authorities in Europe to experiment as well, in order to keep up with market developments; recommends that the European Central Bank conduct experiments with a ‘virtual euro’stresses that such experimentation is and remains an exclusive competence of the member states and falls outside the mandate of the European Central Bank;
Amendment 213 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Notes that there are no clear, comprehensive European guidelines for outsourcing data to the cloud with regard to the financial sector; stresses the need forusefulness of the development of such guidelines;
Amendment 256 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Is concerned by the increased use of unpermissioned blockchain applications, in particular Bitcoin, for criminal activities, tax evasion, tax avoidance and money laundering; invites the Commission to organise an annual multi- stakeholder conference on this subject;
Amendment 270 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Acknowledges the importance of application programming interfaces (APIs) in providing new actors with access to financial infrastructure; recommends the creation of a set of standardised APIs to be used by providers, for example in the area of open banking;hat vendors can use.
Amendment 284 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls on the ESAs to develop technology-neutral standards and licences for know-your-customer techniques, for example based on biometric criteria;