EU Weighs Cross-Border Financial Regulatory Sandbox
Law360, London (September 16, 2016, 4:18 PM BST) -- The European Union could establish regulatory sandboxes spanning the bloc's borders to test innovative financial instruments outside the confines of national rulebooks, a senior official said Friday.
Olivier Guersent of the European Commission's financial services and capital markets directorate said EU officials are tentatively weighing a scheme to help firms road-test ideas and formulate strategy away from the glare of regulators.
"We think we should dedicate a bit of thought to how we can have a sound regulatory sandbox approach in Europe that allows markets to develop, that allows innovation to flourish, that allows those companies that innovate to go across...
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