LONDON—Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union regulators said on Monday. People are turning to social media and using smartphones to buy and sell shares, move money around bank accounts and make payments,…
EU Watchdogs Call for Rapid Action to Catch up With Digital Finance
February 7, 2022
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