Articles with tag: european banking authority

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Greece-based bank loans subject to COVID-19 repayment relief hit USD 37 bln in 2020

News | Payments General | 06 Jan 2021

Greece-based banks have deferred repayments on USD 36.85 billion worth of loans in 2020 to help borrowers cope with the financial fallout of the COVID-19 pandemic, according to Yahoo Finance.

Greece, bank, loans, COVID-19, repayment, borrower, pandemic, European Banking Authority

EBA calls for strengthening the connection between the EU legal frameworks on AML/CFT, DGSD

News | Digital Identity, Security & Online Fraud | 15 Dec 2020

The European Banking Authority (EBA) has published an Opinion on how to strengthen the connection between the EU legal frameworks on anti-money laundering and terrorist financing, and deposit protection.

European Banking Authority, EBA, money laundering, regulatory frameworks, AMLD, payout, fraud prevention, money launderers

EBA reactivates relief measures for pandemic-hit banks, Reuters

News | Payments General | 03 Dec 2020

European Union regulator EBA has revived guidance to allow banks to grant a new round of loan repayment holidays to coronavirus-hit customers, according to Reuters.

EBA, relief measures, pandemic, banks, Reuters, EU, COVID-19, economy, loans, European Banking Authority

EBA expects Basel standard-setters to rethink software prudential rules

News | Digital Identity, Security & Online Fraud | 10 Nov 2020

Banking regulator EBA has decided to soften capital impact of IT assets, but proposals are still out of line with US, according to risk.net.

EBA, Basel, standard setters, prudential rules, software, RTS, European Banking Authority, US, Switzerland, banks

EBA aims to revise Guidelines on major incident reporting under PSD2

News | Ecommerce | 15 Oct 2020

The European Banking Authority (EBA) has launched a public consultation that proposes revising the Guidelines on major incident reporting under the Payment Service Directive (PSD2).

European Banking Authority, EBA, PSD2, PSP, reporting, security breaches, payments, reporting, fraud prevention, Europe, merchants

Global and regional impacts of SCA and 3-D Secure 2.0 (3DS2)

Voice of the Industry | Digital Identity, Security & Online Fraud | 06 Oct 2020

James Roche, Senior Consultant for Authentication and Identity at FICO, provides insight into what the benefits of 3DS2 are as the deadline for SCA draws near

European Banking Authority, EBA, Strong Customer Authentication, SCA, online payments, card transactions, PSD2, 3DS, 3DS2, payment providers, banks, authentication standard, cards, card issuer, card processor

EBA to gradually stop loan repayments guidelines

News | Payments General | 22 Sep 2020

The European Banking Authority (EBA) has made plans to phase out its Guidelines on legislative and non-legislative payment moratoria in accordance with its end of September 2020 deadline.  

EBA, Europe, legislative loan repayments, non-legislative loan repayments, guidelines, payment moratoria, European Banking Authority, covid-19, pandemic, regulatory framework, banks, loans

EU's proposed framework for crypto assets market

News | Cryptocurrencies | 23 Jul 2020

The European Commission has concluded a public consultation on crypto assets in March 2020 which follows detailed due diligence, according to Forbes.

European Commission, EU, framework, Europe, Forbes, crypto assets, market, virtual currencies, European Parliament, blockchain observatory, legislation, European Securities and Markets Authority, ESMA, European Banking Authority, EBA, European Crowdfunding Service Providers Regulation

EBA calls for input to understand the impact of de-risking

News | Digital Identity, Security & Online Fraud | 15 Jun 2020

The European Banking Authority (EBA) has issued a call for input to understand the scale and drivers of ‘de-risking’ at EU level and its impact on customers. 

EBA, financial, financial institutions, banks, The European Banking Authority, de-risking, Europe, money laundering, banking, NGOs

Brussels to improve anti-money laundering authority

News | Digital Identity, Security & Online Fraud | 07 May 2020

Brussels has announced to unveil plans by new pan-European powers to tackle money laundering.

Brussels, Belgium, anti-money laundering, AML, Europe, banking, EU, European Banking Authority, EBA, US, Latvia, banks, ABLV, Russia, transactions, Estonia, Danske Bank, ING, Deutsche Bank

EBA identifies trends and lessons learned in financial education and literacy initiatives

News | Payments General | 31 Mar 2020

The European Banking Authority (EBA) has published its second edition of the Financial Education Report (FER).

EBA, financial education, report, financial innovation, big data, regulation, European Banking Authority, banking

Sirma launches Open Banking suite for boosting PSD2 payment services

News | Payments General | 06 Mar 2020

Bulgaria-based Sirma has announced the release of Open Banking Suite OBS, a PSD2-compliant end-to-end fintech software suite. 

Sirma, Open Banking, Open Banking Suite OBS, fintech, PSD2, financial technology, EBA’s Regulatory Technical Standards, European Banking Authority, PoS terminal, Bulgaria, Eastern Europe

European bank experts seek clarification on e-money definition plus related fraud reporting requirements

News | Payments General | 21 Jan 2020

Banks from nine EU countries have endorsed a note seeking clarification on the definition of e-money transactions and the related fraud reporting requirements issued by the European Banking Authority.

European Banking Authority, fraud reporting, e money, PSD2, banks, payments

EBA sets deadline for SCA compliance for December 2020

News | Digital Identity, Security & Online Fraud | 17 Oct 2019

The European Banking Authority (EBA) has published an opinion on the migration to strong customer authentication (SCA) under the second Payment Services Directive (PSD2), setting a new deadline at 31 December 2020.

European Banking Authority, EBA, PSD2, SCA, authentication, online security, fraud prevention, NCA

ESAs agree money laundering and terrorist financing still a concern in Europe

News | Digital Identity, Security & Online Fraud | 08 Oct 2019

Three European Supervisory Authorities (ESAs) have published their second joint opinion on the money laundering (ML) and terrorist financing (TF) risks impacting the European Union’s (EU) financial industry.

money laundering, ML, terrorist financing, European Union, financial industry, European Banking Authority, ESMA

Measuring the mixed impact of PSD2 legislation 18 months on

Interviews | Digital Identity, Security & Online Fraud | 07 Oct 2019

We discussed with Nans Lorenzini, Legal and Compliance Officer at Limonetik, to learn more about the impact of PSD2, 18 months after it was adopted in January 2018

Nans Lorenzini, Limonetik, payment legislation, PSD2, strong authentication, bank, European Union, European Banking Authority, French Observatory for the Security of Payment Methods, payment method, PISPs, AISPs

EBA assesses impact of fintech on payments institutions and EMIs

News | Payments General | 09 Jul 2019

The European Banking Authority has published a report on the impact of FinTech on payment institutions\ and electronic money institutions\ business models.

EBA, The European Banking Authority, fintech, payments, payments institutions, e-money institutions, Europe, business model, open banking, PSD2

EBA offers limited extension on PSD2 secure payment deadline

News | Payments General | 24 Jun 2019

The European Banking Authority has agreed to a limited extension on the September 14th deadline for compliance with Strong Customer Authentication under the PSD2.

European Banking Authority, PSD2, authentication, payments, extension

EBA publishes clarifications to the first set of issues raised by its Working Group on APIs under PSD2

News | Payments General | 12 Mar 2019

The European Banking Authority has published clarifications to the first set of issues that had been raised and discussed by participants of its Working Group (WG) on APIs under PSD2, which met for the first time on 21 February 2019.

European Banking Authority, API, PSD2, Working Group

FCA supports guidelines on the Open Banking Fall-Back Provisions Exemption

News | E-invoicing, SCF & E-procurement | 05 Jul 2018

The Financial Conduct Authority has outlined its approach to implementing key standards under the revised Payment Services Directive.

Financial Conduct Authority, open banking, Open Banking Fall-Back Provisions Exemption, European Banking Authority, Strong Customer Authentication and Common and Secure Communication, PSD2, account servicing payment service provider