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FSIC part of consortium awarded contract by DG FISMA

pdf of final publication can be downloaded here. DG Financial Services, Financial Stability and Capital Markets Union (FISMA) has commissioned a consortium led by the Centre for European Policy Studies (CEPS) and including also the Luxembourg Institute of Science and Technology (LIST) and University College Cork (UCC) to carry out a study on the role of digitalisation and innovation in creating a true single market for retail financial services and insurance.

The outputs of this study will support and complement the Commission roadmap following the Green Paper on retail financial services.   The general objective of this study is to investigate the areas in which innovation and digitalisation could help build a more integrated and competitive market for retail financial services and insurance.

The study will include two main tasks: - first, gather and synthesise data on the current state of digitalisation in the EU-wide and MS markets for retail financial services and insurance; - second, identify in a forward-looking assessment the areas where digitalisation and innovation could help developing the Single Market for retail financial services.  

This study is important since it will contribute to future policy initiatives in retail financial services. Its scope covers a wide range of stakeholders, including businesses, consumers and competent authorities, and it is therefore essential to gather views from all relevant stakeholders.   To develop a solid forward-looking assessment, the project team plans to organise surveys and focus groups including a wide range of stakeholders including private firms and national competent authorities (regulators, supervisors).

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