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28 - The European Strategy on Digital Finance and Its Interplay with Capital Markets Integration in the EU

from Part IV - Financial Integration

Published online by Cambridge University Press:  28 September 2023

By
Diego Valiante ,
Marco Lamandini  and
David Ramos Muñoz
Edited by
Dariusz Adamski ,
Fabian Amtenbrink  and
Jakob de Haan
Dariusz Adamski
Affiliation:
University of Wroclaw
Fabian Amtenbrink
Affiliation:
Erasmus Universiteit Rotterdam
Jakob de Haan
Affiliation:
University of Groningen
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Summary

This chapter focuses on the historical path and the impact of digital finance policies on capital markets integration in the European Union. The first section gives an overview of the origins of key recent technological developments for the financial system, such as distributed ledger technologies, and the principle of regulatory intervention in the EU. The second section delves into the content of the most recent European strategy on digital finance, with a focus on recent regulatory interventions, such as the Markets in Crypto Assets Regulation (MiCAR) and the Distributed Ledger Technology Regulation (DLTR). The last section draws conclusions on the promises and perils of a digital security for capital markets integration and corporate governance.

Type
Chapter
Information
The Cambridge Handbook of European Monetary, Economic and Financial Integration , pp. 519 - 538
Publisher: Cambridge University Press
Print publication year: 2023

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