The European Banking Authority (EBA) has insisted banks cannot withhold information from third-party providers if it is necessary for them to carry out payment initiation services.
The European Banking Authority (EBA) has attempted to resolve conflict around third-party account access, drafting new guidelines on the standards banks’ interfaces would have to meet under...
The EU’s top banking and payments regulator has responded to confusion over impending strong authentication rules for contactless card transactions, whitelisting and exemptions based on fraud rates.
The European Banking Authority (EBA) has decided to launch a formal investigation into whether Maltese financial crime authorities were in breach of EU anti-money laundering (AML) laws.
Legal experts have suggested to EU lawmakers that the scope of the incoming 5th Anti-Money Laundering Directive (5th AMLD) could be revised to include a broader range of cryptocurrency businesses.
Legal experts, industry insiders and regulators have weighed in on the role of intermediary data aggregators in Europe’s open banking regime, an area of ongoing uncertainty.
EU lawmakers have been warned that potential gaps in proposed cross-border payments regulations should be addressed now, rather than leaving complex issues to be solved in subsequent technical...
EU proposals to enforce greater transparency around currency conversion for card transactions are technically impractical and could drive up costs for consumers, industry insiders have argued.
An influential Brussels-based industry group has advised financial institutions to offer a full range of authentication methods to users of third-party providers, part of attempts to end long...
Payment and e-money firms passporting throughout Europe are caught in the middle of escalating tensions between home and host regulators, due in part to mistrust over supervision of cross-border...
Legal experts believe the EU’s top banking and payments regulator is likely to undergo some extension of its powers — including the ability to fine institutions directly — despite resistance from...
Suggestions that some institutions might opt not to build a fallback access interface for third-party providers — a controversial feature of incoming EU security rules — have given rise to...
Last-gasp changes to EU security rules have left account providers with a dilemma: whether to channel resources into building a top quality application programming interface (API); or split...
A Brussels-based industry group is "making headway" on efforts to provide clarity to banks, third-party providers and regulators on the standards that application programming interfaces (API) will...
On April 12, 2018, the Joint Committee, comprising the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions...
Payment firms are confused by incoming EU rules on contactless payments, despite 11th-hour attempts by the European Commission to clarify when strong authentication must be applied.

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