Body
RegTech is composed of the words “regulatory” and “technology”. It is a collective term for the application of modern technologies, to get the increasing regulation in the banking- and financial sector under control both from an IT and a legal standpoint.
Introduction
Attitude of the country towards RegTech-services
There currently seems to be no market for RegTech services. Further regulation and market expansion is expected.
Legal affairs
Obligations and requirements to provide RegTech-services
In Croatia, the CIA and its bylaws prescribe specific requirements for credit institutions aiming to ensure appropriate protection of the financial system.
Generally, it seems that credit institutions have developed their own systems and programmes to facilitate regulatory obligations.
Additional comments regarding the legal situation for RegTech-services or what RegTech’s must be aware of in this business area
N/A.
Economic conditions
Market size for RegTech-services and biggest companies in this business area
No comprehensive data is available.
Additional comments regarding the economic situation for RegTech-services or what RegTech’s must be aware of in this business area
N/A.