Data Privacy & Security Data Privacy & Security

Big techs in finance need their own regulatory framework, EU watchdogs say

By Jack Schickler
  • 07 Feb 2022 08:40
  • 07 Feb 2022 08:40
The involvement of Google, Apple and Meta in financial services calls for a major overhaul of the EU financial services regulatory framework, three EU supervisory agencies have said, pointing to risks of misselling, money laundering and market concentration. 

The increasing tendency to offer services like payments or insurance alongside online shopping, holidays or

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