Featured Product

    EBA Consults on Guidelines for Fraud Reporting Requirements Under PSD2

    August 02, 2017

    EBA launched a consultation on the draft guidelines on reporting requirements on statistical data on fraud under the revised Payment Services Directive (PSD2). The guidelines define the meaning of “fraudulent payment transactions” for the purpose of the data reporting (under these particular guidelines). They also include periodic reporting requirements on payment transactions and fraudulent payment transactions and set out the methodology for collating and reporting data, including data breakdown, reporting periods, frequency, and reporting deadlines. The consultation runs until November 03, 2017.

    The first part of the guidelines sets out requirements applicable to all payment service providers, except account information service providers. The second part introduces requirements that are applicable to all competent authorities in the EU. Payment service providers are expected to provide high-level data on a quarterly basis and more detailed data on a yearly basis. The guidelines, which are in accordance with Article 96(6) of Directive 2014/65/EU (PSD2), were developed in close cooperation with ECB to ensure that the high-level fraud reporting requirements are implemented consistently among member states and that the aggregated data provided by competent authorities to EBA and ECB are comparable and reliable. The guidelines aim to contribute to the objective of PSD2 to increase the security of retail payments in the EU.


    Related Links

    Consultation Paper (PDF)

    PSD2 Related Standards and Guidelines

    Comment Due Date: November 03, 2017

    Keywords: Europe, EU, PSD2, Reporting Requirements, EBA, Banking, Payments and Markets Infrastructure

    Featured Experts
    Related Articles
    News

    BCBS Consults on Principles for Operational Risk and Resilience

    BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.

    August 06, 2020 WebPage Regulatory News
    News

    FSI Note Discusses Challenges Associated with COVID Relief Measures

    The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.

    August 06, 2020 WebPage Regulatory News
    News

    HKMA Announces Repayment Deferment Under Payment Holiday Scheme

    HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.

    August 05, 2020 WebPage Regulatory News
    News

    ESRB Paper Presents Alternative Approach to EBA Stress Test Proposal

    The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.

    August 05, 2020 WebPage Regulatory News
    News

    MAS Announces Key Initiatives to Support Adoption of SORA

    MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.

    August 05, 2020 WebPage Regulatory News
    News

    BoE Updates Template and Definitions for Form ER

    BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.

    August 05, 2020 WebPage Regulatory News
    News

    PRA to Extend Temporary High Balance Coverage Amid COVID Crisis

    PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.

    August 04, 2020 WebPage Regulatory News
    News

    EBA Publishes Standards on Disclosure and Reporting of MREL and TLAC

    EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.

    August 03, 2020 WebPage Regulatory News
    News

    EBA Releases Erratum for Phase 2 Package on Reporting Framework 2.10

    EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.

    August 03, 2020 WebPage Regulatory News
    News

    EC Sets Out Updated Technical Information for Solvency II Calculations

    EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.

    August 03, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5635