MEP Accuses Top Regulator Of ‘Favouring Banks’ In PSD2 Guidelines

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 liking”.

German official Markus Ferber, part of the European Parliament’s committee on economic and monetary affairs, wrote to the authority late last year to complain about guidelines produced to accompany the EU-wide revised Payment Services Directive (PSD2).

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