EBF advisor: Alexandra Maniati kkkkkkkkkkkkkkkkkkkkkkk
Publication date: 12 November 2018
Cybersecurity is of paramount importance for the banking sector in order to ensure the effective delivery of the Digital Single Market and safeguard the trust of both citizens and companies in digital services.
The European Commission initiative to create a European Cybersecurity Industrial, Technology and Research Competence Centre (Competence Centre) and a Network of National Coordination Centres (Network) bringing together national Cybersecurity Competence Communities to increase the competitiveness of the EU cybersecurity industry and turn cybersecurity into a competitive advantage of other European industries is considered by the European Banking Federation (EBF) as a very positive step.
The EBF believes that a European Centre and an EU-wide network relating to cybersecurity skills, technologies and services can play an important part in Europe’s cyber independence and can be a strong lever to help increase the maturity of the IT security market and related users, to the benefit of all sectors of the European economy. The complementarity of the role of the Competence Centre and the Network (stimulate the development and deployment of technology in cybersecurity and complement capacity building efforts at EU and national level) with the work of ENISA (advising on cybersecurity research and innovation), as stated in the Proposal (Legislative Financial Statement, par. 1.5.4), is also appreciated.
We carried out a regulatory mapping exercise of crypto-assets that led to the conclusion that EU legislation would be needed in this area. We welcome the initial work done by central banks on assessing the merits of central bank digital currencies. #WEF20
The @EU_Commission intends to propose 🇪🇺 legislation later this year on a common approach to crypto-assets, including stablecoins. We need to act quickly. Already launched a public consultation on how these rules should look, everybody can contribute. It is open until 19 March‼️
It was a pleasure to share the stage with @blackrock CEO Larry Fink today! We had a great discussion about the role of the financial sector in tackling #inequality and #climate related risks. Watch it here: https://t.co/mHW5yMkLvx
The EBF is the voice of the European banking sector, bringing together national banking associations from 45 countries. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere.
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