EFTA Working Group discuss Financial Technology

Published 18-06-2018
The Principality of Liechtenstein hosted around 40 experts from Iceland, Liechtenstein, Norway and Switzerland.
On 12 and 13 June 2018 the EFTA Financial Services Working Group met in Liechtenstein to discuss challenges and opportunities within the field of financial technology (FinTech).

The Principality of Liechtenstein hosted around 40 experts from Iceland, Liechtenstein, Norway and Switzerland. The Liechtenstein Prime Minister Adrian Hasler stressed in his speech the importance of the proper functioning of the EEA Agreement and cooperation with the EFTA States.

Various speakers from the government of Liechtenstein, financial market supervision, academia and private sector presented different perspectives on FinTech and innovation during the seminar “FinTech: Challenges and Opportunities”. Both strategic, regulatory and practical issues were examined.

The EFTA Working Group on Financial Services is responsible for the legislation contained in Annex IX (Financial Services) of the EEA Agreement.

It ensures that all EEA relevant EU legislation in the field of banking, insurance and securities is incorporated into the EEA Agreement in a correct and timely manner and also closely monitors the preparatory work of the European Commission on new legislative initiatives within the sector. The Working Group meets three times a year.

Officer
Internal Market Division