Authority Concerned Over Regulatory Arbitrage From PSD2 Flexibility

The EU’s top payments regulator has expressed concerns that national authorities place different conditions on firms seeking authorisation, and may issue new guidelines to avoid regulatory arbitrage issues in Europe’s burgeoning fintech sector.

In a report published on Thursday assessing the regulatory approaches to fintech across the EU, the European Banking Authority (EBA) drew focus to the flexibility built into the licensing system for payments companies.

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