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.
Furthermore, her team is responsible for coordinating the CSSF’s efforts with regards to MiCA Regulation. In this respect her team spearheads the CSSF’s internal MiCA taskforce and is responsible for the authorisation and going forward the subsequent supervision of crypto-asset service providers and certain EMT/ART issuers.
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.
