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PODCAST · 21 MARCH 2023

Financial Services: A Level Playing Field Required – Gasós (Podcast)

Finance Malta
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The question of a level playing field in regulation is very important, and is now one of the major constraints to business in the financial services sector, according to Gonzalo Gasós.

MaltaFinance and Banking
Finance Malta
Finance Malta
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The question of a level playing field in regulation is very important, and is now one of the major constraints to business in the financial services sector, according to Gonzalo Gasós.

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Photo - Mr. Gonzalo Gasós, Senior Director of Prudential Policy and Supervision, European Banking Federation (EBF)

Mr Gasós is the senior director of prudential policy and supervision at the European Banking Federation, and was interviewed by FinanceMalta during his visit to Malta to address the annual conference.

Asked about the difference between banks and FinTech operators, he did not mince his words: "We feel that the same activity and the same risk should be subject to the same regulation and supervision, which is not the case in Europe today. It all comes down to whether the player is acting under the label of a bank or lies out of the perimeter of regulation."

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