EU Tech Rules Must Mirror Global Norms, Banking Body Says

Law360, London (September 14, 2020, 7:06 PM BST) -- European Union draft rules must be in accordance with global standards for artificial intelligence, cryptoassets and other new technologies, a trade body representing banks and investment businesses said in a paper published Monday.

New technologies will help create innovative financial products, and when regulated appropriately, can support stronger capital markets infrastructures, the Association for Financial Markets in Europe said.

AFME's technology unit said a European framework "fit for the digital age" should be based on global standards in order to properly lessen risks and support the competitiveness of the EU.

European regulatory developments pertaining to innovative technologies should be consistent with...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!