Robo advice, the automated provision of financial advice without human intervention, holds the promise of cheap, convenient and fast investment services for consumers – freed from human error or bias. However, retail investors have limited capacity to assess the soundness of the advice, and...

The banking regulatory framework adopted by the European Union is both stern and unidimensional. Proportionality in banking regulation and supervision is mainly a theoretical reference, with little or no practical implementation. On the face of it, the fundamental choice to apply the Basel...

The article begins by addressing central definitional and taxonomical issues for crowdlending (also known as peer-to-peer lending) as an evolving species of debt-based crowdfunding within the FinTech industry. It considers the regulatory tension between facilitating growth of the crowdlending...

Throughout the ages, banks have evolved as intermediaries taking deposits of funds, lending money, and providing payment services. In the process they became also suppliers of commercial bank money, now only in the form of bank deposits. Following a historical review as to how money changers and...

Brexit is likely to lead to the relocation of UK financial services firms to the EU in order to be able to access EU markets, mainly through the EU passport. The same applies to the EU firms intending to be active on the UK markets. The access conditions to the EU markets are numerous and...

In addition to, and complementing the, new regime on recovery and resolution planning, the introduction of a harmonised, in part innovative set of new resolution tools and corresponding powers for the resolution of systemically important banking institutions with the BRRD and the SRMR was...

The UK's decision to leave the EU and the potential withdrawal of the UK from the single market triggered unprecedented legal and regulatory issues, particularly for UK-based banks and investment firms. A major consequence of Brexit will be the loss of EU passports for UK-based Institutions that...