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14 April 2020

Politico: Coronavirus knocks fintech, payments down Commission priorities

The coronavirus pandemic may knock financial technology and electronic payments along with some other finance files down the Brussels priority list, according to an internal document.


A draft update of the European Commission’s 2020 work program, dated April 6, codes the pending initiatives as green, yellow or red depending on their urgency related to the COVID-19 outbreak. The College of Commissioners is due to adopt its revised to-do list in the coming weeks.

Strategies on fintech and payments are among the financial-services priorities now labeled yellow, suggesting a possible delay as they “do not present any urgency linked to the crisis.”

However, the draft says the original timing for a third-quarter proposal could still be kept “if needed” with public consultations ongoing.

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