BRUSSELS, 14 December 2020 – ESBG submitted today its response to the European Banking Authority consultation paper on the draft revised guidelines on major incident reporting under PSD2.

ESBG and its members are highly supportive of the proposed revision. The association especially welcomes the fact that the amended guidelines will optimise the reporting templates and will allow payment service providers more time to report major incidents to National Competent Authorities. They also appreciate that the new reporting framework will avoid the reporting of minor incidents, thus shifting banks’ time and resources on the really major ones. At the same time, ESBG and its members called for further clarity on the interpretation of some criteria and definitions and recommend the various reporting frameworks be further aligned. They stand ready to further engage with the EBA in the weeks and months to come.​