The French Competition Authority publishes its views on the competition issues arising from Fintech

Back in 2020, the French Competition Authority (“FCA”) had announced, in its annual priorities, its interest in the competition implications of the digital revolution in the financial sector, notably in the context of the growth of FinTech, the introduction of blockchain technology and the emergence of “digital giants” in payment services. Shortly after this announcement, on 13 January 2020, the FCA started an ex officio investigation to assess the competitive situation in the sector of new technologies applied to financial activities and, more specifically, to payment activities. More than a year later, in a public opinion of over 120 pages, the French Competition Authority (“FCA”) provides its initial conclusions (i) noting the emergence of new services, initiation channels and

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Authors

  • Covington & Burling (Brussels)
  • Covington & Burling (Brussels)

Quotation

Barbara Monti, Johan Ysewyn, The French Competition Authority publishes its views on the competition issues arising from Fintech, 29 April 2021, e-Competitions July 2021 - II, Art. N° 101488

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