The European Banking Authority (EBA) has published long-awaited final guidelines on fraud reporting by payment firms, unveiling numerous changes in response to industry concerns.
The European Commission has indicated that amendments will likely be made to existing anti-money laundering (AML) laws so that third-party providers accessing account data are kept out of scope.
The influential Berlin Group has announced plans to develop a “testing framework” for banks that hope to ensure their application programming interfaces (API) will gain the approval of regulators.
On July 11, 2018 the European Banking Authority (EBA) published a recommendation to the Maltese Financial Intelligence Analysis Unit (FIAU) on action necessary to comply with the anti-money...
European acquirers and merchants remain unclear on how they will grapple with incoming rules on strong authentication, despite efforts from authorities to clarify lingering uncertainties.
On July 10, 2018, the European Banking Authority (EBA) published the final report on the regulatory technical standards (RTS) on the information to be notified when exercising the right of...
On July 3, 2018, the European Banking Authority (EBA) published two reports — one assessing the impact of fintech on incumbent credit institutions’ business models and one assessing the prudential...
Europe’s top banking regulator has warned authorities and financial firms over potential issues around mobile wallets such as Apple Pay, citing legal complications, increased risk of cyberattacks...
An influential industry group has said there is still “substantial work required” to standardise UK banks’ application programming interfaces (APIs), in a frank review of open banking’s successes...
New EU-level guidance on incoming security technical standards has come under fire from two major payment initiation service providers, which argue consumers will be left with “less than they had...
On June 25, 2018, the European Banking Authority (EBA) published a statement paper called “Opinion of the European Banking Authority on preparations for the withdrawal of the United Kingdom from...
The UK’s Financial Conduct Authority (FCA) has announced it intends to adopt guidelines on third-party account access set out this month by the EU’s top banking and payments regulator.
EU authorities have urged financial institutions to “speed up their preparations” for Brexit, instructing them to communicate contingency plans to customers by the end of 2018.
The European Banking Authority has expanded its new online tool for answering industry queries to cover the revised Payment Services Directive (PSD2) and its supporting secondary legislation.
On June 18, 2018, the European Banking Authority (EBA) published its 2017 annual report, which covers all the activities performed by the EBA over the previous year and anticipates the key areas of...
Multiple EU member states have expressed “serious concerns” with draft rules on cross-border payments and currency conversion, proposing major changes to the European Commission’s proposed text.

Pages