Featured Product

    EBA Survey on Use of Digital Platforms in Banking and Payments Sector

    October 12, 2020

    EBA launched an industry survey on the use of digital platforms in the banking and payments sector, as part of the its thematic work in relation to fintech. The aim of the survey is to better understand the market developments and the opportunities and challenges arising from the scaling up of cross-border platforms. EBA is performing this analysis on the use of digital platforms, in line with its work program on financial innovation, and is inviting financial institutions to share their views and experience by December 07, 2020.

    The online survey is to be completed by financial institutions using, or expecting to use within the next five years, a digital platform to market their products and services to, or conclude contracts for products and services with, customers in the European Economic Area. The survey is relevant for credit institutions, payment institutions, electronic money institutions, and firms carrying out the activity of credit provision (lending activity) pursuant to national law of a European Economic Area State. The responses will provide a valuable input into further EBA work on digital platforms and potentially support the ongoing policy development in this area. The survey is divided into the following sections with all sections to be completed by each respondent, unless the respondent has indicated that they expect to use (but do not currently use) a digital platform within the next five years, in which case only Sections A and F need to be completed:

    • Section A relates to the respondent and use of digital platforms (general information).
    • Sections B to E relate to the digital platform currently in use, including the purpose for which the respondent uses the digital platform, other entities using the same platform to market and/or conclude contracts for products and services, features and operation of the digital platform, and customer interface and the use of data.
    • Section F relates to the opportunities and challenges arising in relation to the use of digital platforms.

     

    Related Links

    Keywords: Europe, EU, Banking, PMI, Fintech, Survey, Digital Platforms, EBA

    Related Articles
    News

    HKMA Finalizes Policy Modules on Group-Wide Approach and Remuneration

    The Hong Kong Monetary Authority (HKMA) revised the Supervisory Policy Manual module CG-5 that sets out guidelines on a sound remuneration system for authorized institutions.

    July 29, 2021 WebPage Regulatory News
    News

    EBA Guide to Monitor Threshold for Intermediate Parent Undertakings

    The European Banking Authority (EBA) published the final guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate parent undertakings in European Union (EU), as laid down in the Capital Requirements Directive (CRD).

    July 28, 2021 WebPage Regulatory News
    News

    PRA Finalizes Approach to Supervision of International Banks

    In a recent Market Notice, the Bank of England (BoE) confirmed that green gilts will have equivalent eligibility to existing gilts in its market operations.

    July 26, 2021 WebPage Regulatory News
    News

    FCA Issues PS21/9 on Implementation of Investment Firms Regime

    The Financial Conduct Authority (FCA) published the policy statement PS21/9 on implementation of the Investment Firms Prudential Regime.

    July 26, 2021 WebPage Regulatory News
    News

    EBA Proposes Regulatory Standards to Identify Shadow Banking Entities

    The European Banking Authority (EBA) proposed regulatory technical standards that set out criteria for identifying shadow banking entities for the purpose of reporting large exposures.

    July 26, 2021 WebPage Regulatory News
    News

    IOSCO Proposes Recommendations on ESG Ratings and Data Providers

    The Board of the International Organization of Securities Commissions (IOSCO) proposed a set of recommendations on the environmental, social, and governance (ESG) ratings and data providers.

    July 26, 2021 WebPage Regulatory News
    News

    ESMA Group Issues Recommendations on RFR Switch in Interdealer Market

    The European Securities and Markets Authority (ESMA) published recommendations from the Working Group on Euro Risk-Free Rates (RFR) on the switch to risk-free rates in the interdealer market.

    July 26, 2021 WebPage Regulatory News
    News

    ECB Study Assesses Impact of Basel III Finalization Package

    The European Central Bank (ECB) published a paper as well as an article in the July Macroprudential Bulletin, both of which offer insights on the assessment of the impact of Basel III finalization package on the euro area.

    July 26, 2021 WebPage Regulatory News
    News

    ISDA Finds FRTB Results in Higher Capital Charges for Carbon Trading

    The International Swaps and Derivatives Association (ISDA) published a paper that explores the impact of the Fundamental Review of the Trading Book (FRTB) on the trading of carbon certificates.

    July 26, 2021 WebPage Regulatory News
    News

    PRA Updates Remuneration Policy Statement Templates and Tables

    The Prudential Regulation Authority (PRA) published the remuneration policy self-assessment templates and tables on strengthening accountability.

    July 26, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7311