Featured Product

    EBA Issues Final Technical Standards on Future EBA Register Under PSD2

    December 13, 2017

    EBA published the final draft regulatory and implementing technical standards on the EBA electronic central register under the Payment Services Directive (PSD2). The regulatory technical standards specify the procedures that the competent authorities should follow when providing information to EBA and those that apply to EBA when processing and publishing that information.

    The regulatory standards set out requirements for manual and automated provision of information from the competent authorities to EBA and the timely synchronization between the national public registers under the PSD2 and the EBA Register. They also specify the procedure for accessing the information in the EBA Register, which includes the functionality for downloading its content. This, in turn, allows market participants to automatically search and retrieve the information needed. The implementing technical standards specify the information that will be made available on the EBA Register from a pre-defined list of institutions that is provided by the PSD2, including:

    • Payment and electronic money institutions, their agents, and foreign branches
    • Exempted payment and electronic money institutions and their agents
    • Account information service providers, their agents, and foreign branches
    • Providers of services based on specific payment instrument that can be used only in a limited way
    • Providers of electronic communication networks executing payment transactions or providing services in addition to electronic communications services

    The final draft regulatory and implementing technical standards will be submitted to EC for adoption. Following the submission, the regulatory standards will be subject to scrutiny by the European Parliament and the Council, before being published in the Official Journal of the European Union. EBA will be able to develop the EBA Register only after the adoption of the draft regulatory and implementing technical standards. Therefore, EBA will not be able to have the EBA Register in place at the date of application of PSD2, which is January 13, 2018; it will be in place only later in the year.

     

    Related Links

    Keywords: Europe, EU, Banking, PMI, PSD2, Regulatory Technical Standards, Implementing Technical Standards, EBA Register, EBA

    Related Articles
    News

    APRA Publishes Proposal to Increase Transparency of Banking Data

    APRA proposed to substantially increase the volume and breadth of data it makes publicly available on authorized deposit-taking institutions, including banks, credit unions, and building societies.

    December 05, 2019 WebPage Regulatory News
    News

    ESMA Consults on Guide to Internal Controls for Credit Rating Agencies

    ESMA launched a consultation on the guidelines on internal controls for credit rating agencies (CRAs).

    December 05, 2019 WebPage Regulatory News
    News

    EU Finalizes Directive and Prudential Rules for Investment Firms

    EU published, in the Official Journal of the European Union, the Directive (2019/2034) and Regulation (2019/2033) on the prudential requirements and supervision of investment firms.

    December 05, 2019 WebPage Regulatory News
    News

    OSFI Revises Guideline on Principles for Management of Liquidity Risk

    OSFI finalized Guideline B-6 on the principles for the management of liquidity risk.

    December 05, 2019 WebPage Regulatory News
    News

    PRA Consults on Framework to Manage Outsourcing and Third-Party Risk

    PRA published a consultation paper CP30/19 that sets out proposals to modernize the regulatory framework on outsourcing and third-party risk management.

    December 05, 2019 WebPage Regulatory News
    News

    BoE, PRA, and FCA Consult to Strengthen Operational Resilience

    BoE, PRA, and FCA published a shared policy summary and coordinated consultation papers on new requirements to strengthen operational resilience in the financial services sector.

    December 05, 2019 WebPage Regulatory News
    News

    EC Amends Rule on Mapping of External Credit Assessment Institutions

    EC published the implementing regulation (EU) 2019/2028, which amends Regulation 2016/1799, regarding the mapping tables specifying correspondence between the credit risk assessments of external credit assessment institutions (ECAIs) and the credit quality steps set out in the Capital Requirements Regulation.

    December 04, 2019 WebPage Regulatory News
    News

    EBA Issues Second Part of Advice on Implementation of Basel III in EU

    EBA published the second part of its advice on the implementation of Basel III in EU, which complements the report published on August 05, 2019.

    December 04, 2019 WebPage Regulatory News
    News

    EU Approves European Council Proposal on CCP Recovery and Resolution

    EU ambassadors approved the position of European Council on a proposed framework for clearing houses and their authorities to prepare for and deal with financial difficulties.

    December 04, 2019 WebPage Regulatory News
    News

    OSFI Releases Guideline on Foreign Bank Branch Deposit Requirements

    OSFI released the final version of Guideline A-10 on foreign bank branch deposit requirements, along with guideline impact analysis statement.

    December 04, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4268