(Source: EBA - European Banking Authority) 04 December 2015 The Joint Committee of the three European Supervisory Authorities (ESAs) - EBA, EIOPA and ESMA - has launched a Discussion Paper on automation in financial advice, aimed at assessing what, if any, action is required to harness the potential benefits of this innovation and mitigate its risks. The ESAs have seen, with the increasing digitalisation of financial services, a growing number of financial institutions offering automated tools when providing advice or recommendations to consumers, often referred to as...