ESMA welcomes the opportunity to respond to the European Commission’s Consultation on a New Digital Finance Strategy for Europe (hereafter “the Consultation”). 1 ESMA’s response, which was submitted to the Commission on 26 June 2020, is set out below. Question 1. What are the main obstacles to fully reap the opportunities of innovative technologies in the European financial sector (please mention no more than 4)? Please also take into account the analysis of the expert group on Regulatory Obstacles to Financial Innovation in that respect. Innovative technologies are rapidly transforming the way in which the financial ... (full story)