Collaboration between fintech firms and banks: an opportunity or a challenge for the eu bank recovery and resolution legal framework key objective?

This article discusses the trend of collaboration between FinTech firms and banks, reactions of public authorities at the global and the EU levels, and potential opportunities and challenges such collaboration could bring to banks, supervisory and resolution authorities when applying and implementing the provisions of the bank recovery and resolution legal framework and aiming to ensure one of the key resolution objectives – the continuity of bank’s critical functions essential to the real economy and financial stability