Amending digital operational requirements in financial services legislation

At a Glance 07-11-2022

On 24 September 2020, the Commission submitted a proposal for a directive amending a number of existing directives governing the regulation and supervision of the financial system, with a view to tackling risks related to information and communications technologies (ICT). The proposal is part of the digital finance package whose overarching objective is to promote innovation and competition in digital finance while mitigating the risks.