Outlines in response to consultation on Technical Standards on the EBA Register under PSD2
BRUSSELS, 18 September 2017 – In their response sent Friday to the EBA's consultation on Technical Standards on the EBA Register under PSD2, ESBG argues that a single source of truth would be beneficial to all stakeholders. To that end, a single, complete, reliable and exhaustive register is required, not only containing information on Third Party Providers (TPPs) but in fact, the register should include all licensed institutions – so it should also include information on credit institutions, payment initiation service providers and payment service provider issuing card-based payment instruments.
ESBG is also calling upon EBA to include in the register additional information such as contact details, dates of authorisation/registration, and the services provided in the Host Member States. Finally, in order for such single source of truth to perform properly, the association calls for the EBA to ensure that the EBA Register should be updated in real-time, should be accessible continuously and that automatic responses are required at all times.
>> See consultation response