European association of clearing houses (EACH) responds to European Commission consultation on Fintech

European association of clearing houses (EACH) responds to European Commission consultation on Fintech

In response to a European Commission consultation on Fintech, European clearing houses stress that regulation should foster innovation and progression. EACH supports the move towards Distributed Ledger Technologies (DLT) to be driven by industry and business needs. Also with regard to DLT, EACH believes that time should be spent on performing proof of concepts and testing the capabilities of the technologies. This will help to gain a better view on the impact on the current value chain of market infrastructures. 

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