EU Committee: FinTech regulation must strike a better balance between stimulation and security

The European Economic and Social Committee (EESC) has welcomed the European Commission's (EC) FinTech Action Plan but has called for additional measures to tap "the full potential of financial technology".

In an opinion adopted adopted by the EESC earlier this month, the EU advisory body said that the measures proposed by the EC to boost the development of FinTech in the EU financial sector "must be adjusted so as to balance market stimulation and the security and stability of the financial and economic system".

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