Important political agreement to boost crowdfunding in the EU

20 decembrie 2019

The European Parliament has given provisional approval to plans to introduce new standards for crowdfunding platforms across the continent. The European Commission believes that crowdfunding is establishing itself as an important part of the funding escalator for young companies and can provide a boost to fintech innovation in the region.

The European Commission welcomes the provisional political agreement reached yesterday evening between the European Parliament and the Council on its proposal to boost Crowdfunding in the EU.

The proposal, a key building block of the Capital Markets Union, aims to harness the opportunities presented by emerging technology-enabled innovations in the financial sector, known as FinTech. With this agreement, 12 out of 13 Capital Markets Union legislative proposals have been adopted or agreed at EU level.

Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People said: “I welcome the agreement reached on our crowdfunding proposal. This is an important source of alternative financing for many innovative European entrepreneurs and start-ups, which may struggle to access traditional financing channels. An EU crowdfunding licence would help crowdfunding platforms scale up in Europe. This will allow investors to match up with companies from all over the EU, bringing more opportunities for firms and entrepreneurs to pitch their ideas to a wider base of investors.”

This political agreement is subject to final endorsement by the European Parliament and the Council. Once adopted, the new regulatory framework will harmonise the rules for investment-based and lending-based crowdfunding platforms operating in the European Union. It will make it easier for them to operate cross-border in the EU, thanks to a single licence. It will also ensure a high-level of investor protection. Businesses from all over Europe will be able to more easily reach out to a significantly larger pool of potential investors and thus increase their chances of success.

Background

Crowdfunding is an emerging alternative form of financing that connects those who can invest money directly with those who need financing for a specific project. It usually refers to public online calls to contribute finance to specific projects. It is increasingly establishing itself as an important part of the funding escalator for young companies.

For more information

Crowdfunding explained

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Gabriela Nistor – director general adjunct BT

Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale in 2020?