Industry groups are pressing regulators on whether incoming strong customer authentication rules can be delayed, arguing the drip-feed of guidance has created a “bottleneck” and left firms unable...
The Danske Bank money laundering scandal looks to have claimed its first scalp, after former chief executive Thomas Borgen was charged by Danish prosecutors on Tuesday.
Rumours are swirling that European authorities may be persuaded to extend September’s deadline for demanding and controversial new security rules. However, firms hopeful the reforms will be phased...
UK industry insiders have defended the slow uptake of new open banking offerings, saying that the underlying regulatory reforms are still bedding in and insisting the issue cannot be properly...
On April 26, 2019, the European Banking Authority (EBA) published clarifications to the third set of issues (VIII to XIII) that had been raised and discussed by participants of its working group on...
Banking groups with a presence in multiple European countries can share data from application programming interface (API) testing across separate legal entities, regulators have confirmed.
On April 24, 2019, the European Banking Authority (EBA) published an opinion on the nature of passport notifications of payment institutions and electronic money institutions using agents and...
The EU’s top payments regulator has stepped into a row between member states over supervision of firms passporting across national borders, taking a relatively tough stance on the controversial...
On February 19, 2019, the European Banking Authority (EBA) announced the commencement of a formal investigation against the Estonian Financial Supervision Authority (Finantsinspektsioon) and the...
Finland will bolster its anti-money laundering (AML) department and implement a more stringent risk-based approach to supervision following criticism of its measures for combating financial crime.
Regulators have confirmed that EU financial firms operating in different member states must handle two sets of fraud rate data — at country level and company level — despite concerns from banking...
On April 10, 2019, the European Banking Authority (EBA) published two advisory documents jointly prepared by the European supervisory authorities (ESAs) — EBA, EIOPA and ESMA — in relation to...
European authorities are seeking to patch the cybersecurity-shaped holes in existing payments legislation, pushing for the introduction of minimum standards around security and risk management as...
A group of European banks have signed a joint letter to authorities expressing concerns about new fraud reporting requirements, citing the risk of divergence between member states and planned...
On July 18, 2018 the European Banking Authority (EBA) published its final guidelines on reporting requirements for fraud data under Article 96(6) of the revised Payment Services Directive (PSD2)....
Banks in France will need to begin testing application programming interfaces (API) for third-party access within the next two weeks or face having to build a second fallback mechanism, regulators...

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