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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