Financial Oversight

EDFA supervises financial markets and services in the digital age, ensuring stability, transparency, and consumer protection across the European Union.

Digital Financial Services Regulation

The digitalization of financial services has created new opportunities and challenges for the financial sector. EDFA's financial oversight framework ensures that digital financial services are secure, transparent, and compliant with EU regulations.

Our regulatory approach focuses on maintaining financial stability, protecting consumers, and fostering innovation in digital finance while ensuring that new technologies and business models operate within a robust regulatory framework.

Key Regulatory Areas

Digital Banking

Oversight of digital banks, neobanks, and traditional banks' digital operations to ensure compliance with banking regulations.

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Crypto-assets

Regulation of cryptocurrencies, stablecoins, and crypto service providers under the Markets in Crypto-Assets (MiCA) framework.

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Payment Services

Supervision of digital payment services, e-money institutions, and payment service providers under PSD2 and upcoming PSD3.

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Digital Euro

Regulatory framework for the implementation and operation of the digital euro as a central bank digital currency.

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Market Alerts

Crypto Market Volatility

Increased monitoring of stablecoin reserves amid market fluctuations

15 May 2025

Payment Fraud Alert

New patterns of payment fraud detected across multiple EU member states

10 May 2025

Regulatory Sandbox for Financial Innovation

EDFA's Regulatory Sandbox provides a controlled environment where innovative financial products, services, and business models can be tested with real customers under regulatory supervision.

The Sandbox helps fintech companies and established financial institutions test innovative solutions while ensuring consumer protection and financial stability.

Benefits for Innovators

  • Reduced time-to-market for innovations
  • Regulatory guidance and support
  • Testing with real customers
  • Feedback on regulatory requirements

Benefits for Consumers

  • Access to innovative financial services
  • Protection through regulatory oversight
  • Transparent information about risks
  • Feedback mechanisms for improvement
Regulatory Sandbox

Market Monitoring

Digital Finance Observatory

EDFA's Digital Finance Observatory monitors trends, risks, and developments in digital financial markets to identify emerging issues and inform regulatory responses.

Latest Market Indicators

Updated daily with key metrics on digital financial markets

Risk Assessment

EDFA conducts regular risk assessments of digital financial markets to identify systemic risks, vulnerabilities, and emerging threats to financial stability.

Latest Risk Assessment Report

Q2 2025 Digital Finance Risk Assessment

Download PDFPublished: 1 May 2025

Latest Publications

Report • 5 May 2025

Annual Report on Digital Financial Markets

Comprehensive analysis of developments, trends, and risks in digital financial markets across the EU.

Report • 5 May 2025

Crypto-assets Market Monitoring Report

Quarterly assessment of crypto-asset markets, including market capitalization, trading volumes, and risk indicators.

Report • 5 May 2025

Digital Banking Transformation Study

Analysis of how traditional banks are adapting to digital transformation and the emergence of digital-only banks.