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...
European authorities have confirmed that recurring card payments can be initiated by the payee, exempting those payments from strong customer authentication (SCA) and providing long hoped-for...
European lawmakers took a further step on Tuesday towards empowering law enforcement to tackle illicit finance, while senior EU figures restated the need for a more centralised approach to anti...
On June 22, 2018, the European Banking Authority (EBA) launched a consultation paper on draft guidelines on outsourcing arrangements, with the aim of updating the existing Committee of European...
Europe’s top financial regulator has instructed payment firms to take extra caution when outsourcing to third countries, citing risks of regulatory arbitrage and the potential exploitation of...
European Commission vice president Valdis Dombrovskis has threatened further regulatory intervention if banks’ strategies for the revised Payment Services Directive (PSD2) cause “a decline in the...
Danske Bank’s €200bn money laundering scandal continues to escalate, with European authorities launching a probe into Estonia and Denmark’s handling of the affair just as the company pulls the plug...
The European Council has finalised its position on a raft of reforms around supervision of the union’s financial sector, including a proposal to expand the remit of the bloc’s top banking and...
A senior European Central Bank (ECB) official has re-emphasised that banks must embrace the EU’s third-party account access regime, as it forges ahead with the creation of a new credit transfer...
The European Banking Authority (EBA) has defended its record on level three payments legislation after being accused by an MEP of “attempting to change a directive ... that turned out not be to its...

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