Tag Archives: EBA

EBA publishes PSD2 security measures guidelines

EBA has published its final guidelines on security measures for operational and security risks of payment services required by PSD2. The guidelines require PSPs to have in place: an effective operational and security risk management framework processes to detect, prevent and monitor potential security breaches and threats risk assessment procedures regular testing processes to raise […]

UK based EU agencies agree relocation

The Council has decided on the new locations of various UK-based EU agencies.  In the financial services sector, the EBA will be relocating to Paris.

EBA publishes PSD2 complaints procedure guidelines

The European Banking Authority (EBA) has published final guidelines on the procedure for payment service users and other interested parties to submit complaints against PSPs in respect of alleged infringements of PSD2. The guidelines specify the information competent authorities (CAs) must request from complainants and the information CAs should use in their response to complaints. CAs are now […]

EBA announces 2018 work programme

The European Banking Authority (EBA) has today published its annual work programme in which it announced its strategic priorities for next year and beyond. EBA comments on the Commission’s legislative programme for the year, involving a review of the CRR and BRRD developments and the consequences of the BCBS’ revision of the trading book; the implementation […]

eba publishes fintech discussion paper

The European Banking Authority has published a Discussion Paper on its approach to financial technology (FinTech). The EBA sets out in the Discussion Paper the results of the first EU-wide FinTech mapping exercise and its proposals for future work on FinTech. To gain a better understanding of current FinTech activity in the EU, in spring 2017, […]

EBA releases CP on fraud reporting requirements under psd2

The EBA’s Consultation Paper on the Guidelines on Fraud Reporting under PSD2 (EBA/CP/2017/13)  has been developed  in close cooperation with the European Central Bank (ECB) to ensure that the high-level fraud reporting requirements under Article 96(6) of the PSD2 are implemented consistently among Member States and that the aggregated data provided by competent authorities  to the […]

8 EU states offer to host the EBA post-brexit

The EC has today announced that the following cities have proposed to host the EBA: Brussels (Belgium) Dublin (Ireland) Frankfurt (Germany) Paris (France) Prague (Czech Republic) Luxembourg-City (Luxembourg) Vienna (Austria) Warsaw (Poland) The applications will be assessed on the basis of six criteria agreed by the 27 member states: guarantees that the agency will be operational when […]

EBA publishes credit institution application standards

EBA has published its final draft RTS on information applications to be credit institutions should provide to competent authorities, and the templates they should use to provide it.

EBA publishes final PSD2 PII guidelines

EBA has published the final guidelines under PSD2 on how to stipulate the minimum amount of PII cover or a comparable guarantee that undertakings intending to carry out payment initiation services or account information services should hold. EBA has made some changes from the consultative version of the guidelines. The guidelines cover: the risk profile […]

EBA calls for evidence from investment firms

EBA has started a supplementary data collection exercise aimed at supporting a response to the European Commission’s call for evidence to help it shape the new prudential framework for investment firms. EBA launched its initial exercise in late 2016 and has made several improvements to its initial proposals. But now it needs more evidence, and […]