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...
On April 1, 2019, the European Banking Authority (EBA) published clarifications to the second set of issues raised and discussed by participants of its working group on application programming...
European banks providing application programming interfaces (APIs) must make testing facilities available to third-party providers even if they have not yet received authorisation, regulators have...
The Estonian government is considering a raft of new measures to supervise the rapidly expanding number of cryptocurrency licensees in the country, as it attempts to heal the reputational damage...
An independent survey of European banks has suggested that a significant number will miss the chance to gain the fallback exemption from its first availability in September, as many have failed to...
The European Banking Authority (EBA) is set to receive enhanced anti-money laundering supervisory powers after the European Council presidency and European Parliament struck a deal on Thursday.
The European Banking Authority (EBA) is consulting on the draft regulatory technical standards (RTS) which set the technical requirements on development, operation and maintenance of the electronic...
EU authorities have begun responding to concerns raised over the practical aspects of how banks and fintechs will connect to one another under new European payments laws, but have so far not...
European financial services are hoping that an upcoming overhaul of the bloc’s top regulatory authorities could include the introduction of no-action letters, a tool which could offer relief to...
On March 11, 2019, the European Banking Authority (EBA) published clarifications to the first set of issues that had been raised and discussed by participants of its working group on application...
Industry experts have welcomed the recent announcement by EU authorities that recurring card payments will not be subject to onerous security requirements, drawing a line under an issue which...
Anxiety is growing among European banks that they may be fundamentally incapable of achieving exemption from the fallback option under the revised Payment Services Directive (PSD2) as a result of...

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