Karen coordinates the activities of her department which is responsible for financial innovation, both the application process and on-going prudential supervision of payment institutions and electronic money institutions, the registration and AML supervision of virtual asset service providers, market infrastructures and the oversight of remuneration and governance practices and policies implemented within financial institutions.
Being the department in charge of financial innovation means that Karen and her team are the privileged contact and point of entry to the CSSF for the FinTech industry. Furthermore, her team is responsible for coordinating the CSSF’s efforts with regards to the forthcoming MiCA Regulation .
