Two typical examples of such innovations are the ones based on distributed ledger technology (DLT) and the ones based on Artificial Intelligence (AI). Regarding the former (DLT), in September 2020 the European Commission adopted a proposal for a Regulation as part of its digital finance strategy. Regarding the latter (artificial intelligence), a proposal for a Regulation was adopted by the European Commission just recently.
This followed a decline in longterm interest rates in January which had brought bond yields in the euro area to the lowest levels seen since the late 1940s. The euro area yield curve shifted upwards across the entire maturity spectrum during February.