WSBI ESBG
Payments
Payments: steady, safe, sovereign
The emergence of EU-wide cross-border instant payment solutions
European policymakers are particularly keen on ensuring that future developments in the field of instant payments lead to the emergence of EU-wide cross-border instant payment solution(s) in euros, due to fears that foreign governments could hold leverage over the EU if global companies from non-European countries, as service providers with global market power, will not necessarily act in the best interest of European stakeholders.
Payment Accounts Directive
It is very easy for consumers to change accounts due to the account switching services, especially since the implementation of the Payment Account Directive 2014/92, which specifies the requirements for account switching services within the European Union.
Our latest content on Payments
ESBG and EACB congratulate EU Commission’s Expert Group on its Open Finance report
The European Savings and Retail Banking Group (ESBG) and the European Association of Co-operative Banks (EACB) congratulate the Expert Group on European financial data space of the European…
State Aid rules for banks in difficulty
The European Savings and Retail Banking Group (ESBG) welcomes the initiative of the European Commission to launch a targeted consultation aiming at reviewing the State Aid rules for banks in…
For a single market for data to push growth and innovation
A European approach to data is essential to ensure competitiveness, avoid fragmentation, benefit from an effect of scale and guard against windfall effects from which certain non-European players…
PSD2 review must seek fair distribution of value and risk among all market participants
ESBG submitted its response to the European Commission (EC)’s targeted consultation on the review of the revised payment services Directive (PSD2) on 15 July. In it, ESBG and its members stated that…
European Commission review of the Mortgage Credit Directive
SBG sent its response to the European Commission questionnaire on what to include in the upcoming Review of the Mortgage Credit Directive (MCD).
Clear and fair rules for the use of machine learning in Internal Rating Based models
The European Savings and Retail Banking Group welcomes the initiative of the European Banking Authority to discuss the implications of the use of machine learning in the internal rating based models…
