EBA updated its online Interactive Single Rulebook and Questions and Answers (Q&A) tool with the inclusion of the second Payment Services Directive (PSD2). Users will now be able to review on the EBA website the final technical standards and guidelines associated with PSD2 by navigating through the Directive on an article by article basis. The inclusion of the PSD2 into the Q&A tool will also allow users to submit any questions they may have on the application of PSD2 and the related work of EBA.
The purpose of the Q&A tool is to support the consistent and effective application of the EU regulatory framework for the banking sector. The Q&A tool also contributes to the completion of the legislative framework by ensuring any remaining regulatory loopholes are addressed. The process is based on close and ongoing interaction with EC so that responses in the Q&A tool are fully consistent with the EU legislative texts.
Keywords: Europe, EU, Banking, PMI, PSD 2, Interactive Single Rulebook, Q&A, EBA
Previous ArticleAndreas Dombret of Bundesbank Speaks About the Future of Europe
In a letter addressed to the industry, the Australian Prudential Regulation Authority (APRA) set out an updated schedule of policy priorities for the banking, insurance, and superannuation industries.
The European Commission (EC) adopted a comprehensive review package of Solvency II rules in the European Union.
The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook.
The European Central Bank (ECB) published results of its economy-wide climate stress test, which aimed to assess the resilience of non-financial corporates and euro area banks to climate risks.
The European Banking Authority (EBA) published a report on the use of digital platforms in the banking and payments sector in European Union.
The Hong Kong Monetary Authority (HKMA) published updates on the policy measures that were announced in context of the ongoing pandemic.
The International Swaps and Derivatives Association (ISDA), along with several other associations, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on preliminary proposals for the prudential treatment of cryptoasset exposures.
BIS published the September issue of the Quarterly Review, which contains special features that analyze the rapid rise in equity funding for financial technology firms, the effectiveness of policy measures in response to pandemic, and the evolution of international banking.
The Basel Committee for Banking Supervision (BCBS) met in September 2021 and reviewed climate-related financial risks, discussed impact of digitalization, and welcomed efforts by the International Financial Reporting Standards (IFRS) Foundation to develop a common set of sustainability reporting standards
The Office of the Comptroller of the Currency (OCC) issued a Cease and Desist Order against MUFG Union Bank for deficiencies in technology and operational risk governance.