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003 ES-MaONT
005 20220805062554.0
008 210706s2021 lu ||||fr||||i00| 0 eng d
020 _a978-92-846-8301-7 (print)
020 _a978-92-846-8302-4 (PDF)
024 _2doi
_a10.2861/7328 | QA-09-21-242-EN-C
024 _2doi
_a10.2861/88874 | QA-09-21-242-EN-N
040 _aES-MaONT
100 1 _aMaume, Philipp
_95116
245 1 0 _aRobo-advisors
_b: How do they fit in the existing EU regulatory framework, in particular with regard to investor protection?
_c/ Author: Philipp Maume ; this document was requested by the European Parliament's committee on Economic and Monetary Affairs (ECON).
260 _aLuxembourg :
_bEuropean Parliament, Policy Department for Economic, Scientific and Quality of Life Policies Directorate-General for Internal Policies,
_cJune 2021
300 _a53 p. :
_bgraf. ;
_c1 documento PDF
336 _atexto (visual)
_2isbdcontent
337 _aelectrónico
_2isbdmedia
338 _arecurso en línea
_2rdacarrier
500 _aEn la cubierta: "Study Requested by the ECON committee"
504 _aBibliografía: p. 50-53
520 _aThis study analyses if and to what extent the current EU legal framework provides effective investor protection for customers of robo-advisors. It puts emphasis on structural conflicts of interests, the difficulties presented by the supervision of algorithms, and potential threats to the stability of the financial system. The aim of this analysis is to outline the nature of robo-advisors in a broad sense, including an overview of the main business models, such as (semi) automated investment advice alone or mixed models, i.e. in combination with portfolio management and/or order execution platforms/brokerage service, whether automated or not; to map the current robo-advisory landscape, in terms of size and trends of the market, based on available data and research; to give a brief overview of the potential benefits and risks brought by robo-advisors, in particular specific emerging risks and opportunities linked to the use of artificial intelligence (AI), machine learning, and Big Data, in this sector; to provide an analysis of how robo-advisors fit into the existing EU framework, and in particular identify key challenges with its application to robo-advisors as well as potential gaps, with a particular focus on investor protection and financial stability; and to provide an analysis of whether the current EU framework is sufficient to address the specific risks and challenges brought by robo-advisors or whether it needs to be reformed. If necessary and appropriate, make policy recommendations on additional measures to put in place.
650 7 _aEconomía digital
_2
_92223
653 _aBusiness models
653 _aEU
653 _aFinancial stability
653 _aIA
653 _aLegislation
653 _aMachine learning
653 _aMarket development
653 _aMiFID2
653 _aTransformación digital
710 1 _aParlamento Europeo.
_bDirección General de Políticas Internas.
_bDepartamento de Políticas Económicas, Científicas y de Calidad de Vida
_95045
856 4 _uhttps://www.europarl.europa.eu/RegData/etudes/STUD/2021/662928/IPOL_STU(2021)662928_EN.pdf
_x0
_yAcceso al documento
_qpdf
942 _cINF
_2z
999 _c6634
_d6634