On January 7, 2019, the European Banking Authority (EBA) released a report, jointly drafted by the European supervisory authorities (ESAs), in relation to the various initiatives taken by many...
European authorities have called for greater cooperation on sandboxes between member states, citing a risk of regulatory arbitrage and warning national fragmentation could harm fintechs’ attempts...
Thanks to a barrage of regulatory reforms brought in over the past year, 2019 is poised to be a challenging year for European payments firms. Banks are under intense pressure to complete the...
The prospect of a no-deal Brexit has left EU firms passporting into the UK facing an uncertain future, with recent contingency measures from Brussels leaving payments firms out of scope.
European Union member states have agreed to allow the bloc’s banking regulator to sanction financial institutions directly for anti-money laundering breaches if competent national authorities fail...
New European Banking Authority guidance has helped clear up “confusion” around how the EU electronic identification regime will work for third-party providers gaining access to customers’ accounts.
Payments and e-money institutions in the UK have been left in the lurch by the political impasse over Brexit and the looming possibility of exiting the EU without a negotiated agreement, according...
The European Banking Authority (EBA) has again warned European firms not to leave customers in the dark about the potential impact of the UK’s withdrawal from the EU.
Europe’s top banking and payments regulator will lead a new working group to support firms developing application programming interfaces (APIs) in line with “demanding” third-party access rules.
On December 13, 2018, the European Banking Authority (EBA) released a consultation seeking feedback in relation to its draft guidelines on information and communication technology (ICT) and...
The European Banking Authority (EBA) has proposed new cybersecurity guidelines that would oblige payment firms to place greater power in the hands of users in the interests of increasing...
EU authorities appear unlikely to accept that card payments can be “initiated by the payee” in some situations, potentially causing an authentication headache for some online platform businesses.
On December 11, 2018, the European Banking Authority (EBA) published an opinion on the use of certificates with regard to Regulation (EU) No. 910/2014 of July 23, 2014 on electronic identification...
The European Banking Authority will soon publish the results of a study into member states’ varying approaches to regulatory sandboxes, likely to take the form of best practice guidance to...
The European Commission is set to receive comprehensive reports on crypto-asset usage across the union to help point the direction future regulation should go – although reforms will have to wait...
The European Council has approved an “action plan” to plug holes in the bloc’s anti-money laundering (AML) supervision framework and tasked the European Commission with thrashing out longer-term...

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