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

    SEC Finalizes Capital and Margin Requirements for Security-Based Swaps

    SEC adopted a package of rules and rule amendments to establish capital, margin, and segregation requirements for security-based swaps, under Title VII of the Dodd-Frank Act.

    August 22, 2019 WebPage Regulatory News
    News

    ECB Revises Prudential Provisioning Expectations for New NPEs

    ECB is revising its supervisory expectations for prudential provisioning of new non-performing exposures (NPEs) specified in the “Addendum to the ECB Guidance to banks on non-performing loans” (Addendum)

    August 22, 2019 WebPage Regulatory News
    News

    CFTC Proposes to Revise Information Collection on Margin Requirements

    CFTC is requesting comments on the burdens associated with certain aspects of the Margin Requirements for Uncleared Swaps for Swap Dealers and Major Swap Participants (final rule).

    August 21, 2019 WebPage Regulatory News
    News

    FASB to Delay Effective Date for Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant all insurance companies that issue long-duration contracts, such as life insurance and annuities, additional time to apply the standard that addresses this area of financial reporting.

    August 21, 2019 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.9

    EBA published phase 2 of its technical package on the reporting framework 2.9, which includes validation rules, Data Point Model (DPM) data dictionary, and XBRL taxonomies.

    August 21, 2019 WebPage Regulatory News
    News

    FSB Publishes Responses to Its Consultation Related to SME Financing

    FSB published responses received to the consultation on a report on the evaluation of the effects of financial regulatory reforms on small and medium-sized enterprise (SME) financing.

    August 21, 2019 WebPage Regulatory News
    News

    APRA Revises Related Entities Standard for Banks

    APRA published a strengthened prudential standard APS 222 on associations with related entities, with the aim to mitigate contagion risk within banking groups.

    August 20, 2019 WebPage Regulatory News
    News

    EBA and ESMA Issue Joint Response to EC Letter on Crypto-Assets

    EBA and ESMA issued a joint response to the EC letter, from July 19, 2019, on crypto-assets.

    August 20, 2019 WebPage Regulatory News
    News

    FSB on Responses to Consultation on Wind-Down of Trading Portfolios

    FSB published responses received to the consultation on the solvent wind-down of the derivatives and trading book portfolio of a global systemically important bank (G-SIB).

    August 19, 2019 WebPage Regulatory News
    News

    FSB Publishes Responses to Consultation on Resolvability Disclosures

    FSB published responses received to the consultation on disclosures for resolution planning and resolvability of banks.

    August 19, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3681