EBA Quizzed On ‘Fallback’ Exemption Guidelines As Deadlines Loom

The European Banking Authority (EBA) has clarified several points on how its guidelines on dedicated interfaces will work in practice, as banks seek to ensure they will not have to provide a “fallback” access mechanism to third-party providers.

The authority hosted a public hearing at its London headquarters last week to discuss the draft guidelines, published in mid-June, and urged institutions to provide feedback before the consultation deadline of August 13.

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