June 2021 – ESBG welcomes the intention of the European Commission (EC) to end
the current regulatory and technological fragmentation of electronic identification
across EU Member States, as announced on
3 June, with the creation of a regulatory framework for a European Digital Identity.
proposed harmonisation would help correct some of the shortcomings of the current
eIDAS Regulation, whose partial (only public services are included) and
heterogeneous adoption by Member States resulted in a highly underutilised ecosystem
in the Union, particularly for cross-border access to services.
and its members welcome the Commission’s proposal and believe that it can
contribute to the further integration of the European Union. We look forward to
the coming discussions in both Parliament and the Council”, said Andreas
Widegren the Chair of the ESBG FinTech Regulation Committee and Swedbank’s
supports the EC’s aim to ensure that at least 80% of EU citizens get access to
digital ID solutions by 2030. Today, only 59% of EU citizens have access to
trusted and secure eID schemes across borders.
The new proposal
not only extends the eIDAS but it also puts forward an ambitious, interoperable
EU-wide scheme centered around Digital Identity Wallets, to be issued by Member
States as providers of legal identity.
factor will be the involvement of the private sector in the creation of the
Trust Scheme, in a “process for close and structured cooperation”, as referred
in recital 36 of the Regulation proposed by the Commission.
for the specificities of the financial sector to be taken into account in this
involvement. As relying parties, banks should be aware of the chain of trust in
data sharing, including all the actors involved.
also in close collaboration with the other European Credit Sector Associations,
in the context of the Inter-ECSA eID Task Force, which brings together experts
from 36 financial institutions with the goal of expressing a common position
for the whole sector. ESBG, together with the ECSAs, stands ready to further
engage on the strategic issue of digital identity with the Commission, EU
co-legislators and a wide range of stakeholders both at European and national