The Joint Committee of the European Supervisory Authorities (Joint Committee) has published its work programme for 2017. In 2017, the Joint Committee will focus on assessing both cross-sectoral opportunities and threats posed by the increasing digitalisation of finance and financial technology.


  • the Joint Committee will conclude its assessment of the feedback to its 2015 discussion paper on automation in financial advice either later this year or at the beginning of 2017. Thereafter the three European Supervisory Authorities (ESAs) will continue monitoring market activities;
  • the ESAs will continue their assessment of the opportunities and challenges related to the use of big data, as well as personal data, by financial institutions to profile consumers, identify patterns of consumption and make targeted offers, which raises questions about firms expected behaviours in order to comply with their overarching obligations; and
  • following the draft regulatory technical standards that the ESAs were mandated to develop for the Regulation on key information documents for packaged retail and insurance-based investment products (the PRIIPs Regulation), further work will be done to give Member State competent authorities and market participants further guidance on the implementation of the new PRIIPs rules. The expected supporting material will come in the Q&A format.

View The Joint Committee of the ESAs published today its 2017 work programme, 5 October 2016

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