Fintech Firms, Consumers Grapple Big Data Regulation in Latest Consultation

[kreslik.news]

The Joint Committee of the European Supervisory Authorities (ESAs) has unveiled a new public consultation paper, which touched on the use of big data by financial instruments, as well as the role played by regulation, according to an European Central Bank (ECB) statement.

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Big data is one of the fastest growing channels in the financial services industry, encompassing the availability and deployment of data, information technology, platforms and advanced analytics. However, to date, there has been a debate over the amount of regulation needed ... (read more)