On 2 February 2021, the European Commission published a call for advice to the European Supervisory Authorities (ESAs) regarding digital finance and related issues. It calls on the three ESAs to provide advice on the regulation and supervision of more fragmented or non-integrated value chains, platforms and bundling of services, and risks of groups combining different activities. It also calls upon the European Banking Authority to provide advice on: (i) non-bank lending; and (ii) protection of client funds and the articulation to the deposit guarantee scheme directive.