Kopafbeelding agenda CPB

Competition Workshop: “FinTech and Competition in the Financial Sector”

On October 25, the CPB Netherlands Bureau for Economic Policy Analysis, the Netherlands Authority for Consumers and Markets (ACM), Tilburg Law and Economics Center (TILEC), Ministry of Economic Affairs and Amsterdam Center for Law & Economics (ACLE) organize a Competition Workshop on “FinTech and Competition in the Financial Sector”.

DateWednesday, 25 October 2017
Time12:45 - 16:30
LocationCPB, Seminarroom 3 (Braamzaal), Bezuidenhoutseweg 30, The Hague
Working languageEnglish

New digital applications, take for instance the strong growth of cloud computing and the ubiquitous smartphone, are slowly transforming the economy. Now, these applications seem about to change the financial sector. New “FinTech” firms offer novel digital financial services and start to compete with the traditional banks – who are heavily investing in information technology themselves. Policymakers are adjusting to these developments, as illustrated by the new Payments Services Directive and the “Innovation Hub” of the Dutch financial supervisors. The aim of this workshop is to discuss how FinTech may change the financial sector, to what extent FinTech challengers are able to compete with incumbents, and how policymakers should respond.

The presentation of Fabio Braggion of Tilburg University offers an empirical perspective. He takes us to China, and shows us how a Chinese peer-to-peer lending platform impacts financial household decisions. Michiel van Leuvensteijn of ACM discusses the potential for foreclosure of new FinTech firms by incumbent banks in the payments industry and to what extent existing regulation can prevent this. For a European policy perspective on FinTech and competition, we give the floor to Peter Kerstens (European Commission).

We cordially invite you to participate in the workshop. If you would like to attend, please send an e-mail with your name and affiliation to Anne Cabenda (a.cabenda@cpb.nl). Do not hesitate to forward this invitation to your colleagues.

Share this page