In line with the EBA’s work programme on financial innovation, the EBA is currently performing an analysis in the area of RegTech and invites all relevant stakeholders to share their views and experience on the use of RegTech solutions via a RegTech industry survey, on a best effort basis. The aim of the survey is to better understand the ongoing activity in this area, raise awareness on RegTech within the regulatory and supervisory community, and inform any relevant future policy discussion. The EBA is also seeking ways to facilitate the adoption and scale up of RegTech solutions across the EU whilst acknowledging and looking to address the underlying risks.
In order to collect industry feedback, the EBA has prepared two separate questionnaires. One is to be completed online by the financial institutions, and the other one by ICT third party providers. The questionnaires are available at the following links:
The consultation runs until 30 September 2020.
For your convenience, questionnaires in PDF version that provide an overview of all the questions included in the survey are available in the background documents section below. Please note that some questions are conditional, i.e. respondents have to answer them only depending on previous answers.
How to complete the RegTech industry survey:
Please note that two separate online questionnaires are available - one is to be completed by the financial institutions, and the other one by ICT third party providers. Please see detailed instructions how to complete the online RegTech industry survey below.
For the purposes of this questionnaire, the following definition applies:
RegTech means any range of applications of technology-enabled innovation for regulatory, compliance and reporting requirements implemented by a regulated institution (with or without the assistance of ICT third party providers).
Responses should refer only to RegTech solutions (in line with the above definition) as other applications (for example applications for enhancing internal processes) should not be included in this survey.
The questionnaire to be completed by financial institutions is structured as follows:
Section C should be completed only by financial institutions who have RegTech solution(s) (in use/launched, pilot testing or under development) in the mentioned areas of focus. Please respond for each RegTech solution that you have and which falls within the said categories separately. In practice this means that you are invited to submit this section multiple times if you have more than one solution that you would like to report.
The questionnaire to be completed by ICT third party providers is structured as follows:
Section II should be completed only by ICT third party providers who offer RegTech solution(s) in the mentioned areas of focus. Please respond for each RegTech solution that you provide and which falls within the said categories separately. In practice this means that you are invited to submit this section multiple times if you provide more than one solution that you would like to report.
The respondents are advised that this questionnaire whilst complementing other ongoing projects in the field of supervisory reporting and the use of technology there, has a different purpose and does not overlap with them, in particular:
In particular, this RegTech industry survey aims at:
The results of RegTech industry survey will be used to report on the current RegTech landscape and, where relevant, will inform the broader work on supervisory reporting. To this end, the RegTech industry survey will not lead to any specific policy considerations or recommendation as regards the use of RegTech for the purposes of supervisory reporting, which is mean analysed in greater details in the two specific studies referred to above.