The EBA hosted a virtual Workshop to engage in a transparent discussion with stakeholders regarding the European Commission’s request for technical advice on the delegated act under the MiCA proposal concerning certain criteria for the classification of asset-referenced tokens (ARTs) and electronic money tokens (EMTs) as significant.

The EBA’s objective was to discuss key issues relating to this call for advice and the potential way forward with participants.

The event will be held on 17 May 2023 from 10:00 to 12:30, as an online interactive Workshop.

The target audience of this Workshop included primarily actual or potential issuers of ARTs or EMTs, including credit institutions and e-money institutions, and also experts of industry associations or federations and from national competent authorities.

You can find more details on the event page.

EBA, EIOPA and ESMA (together, the ESAs) hosted a workshop to present preliminary findings and engage in a discussion with stakeholders regarding the European Commission’s request for technical advice on digital finance and related issues.

The agenda covered the preliminary ESAs’ findings on market developments, risks and opportunities, and the regulatory and supervisory challenges raised by the digitalization of financial services. The ESAs will also present considerations for the way forward. The objective of this workshop is to discuss the preliminary findings and potential way forward with the participants with a view to further informing their research, analysis and proposals which will be submitted to the European Commission and published in January 2022.

The workshop is open to all stakeholders active in the digital finance field, such as financial entities, ICT service providers, digital platforms, industry and consumers associations, supervisors, consultants, academics. This workshop is not open to press.

You can find more details on the event page.

The EBA hosted a closed workshop with the industry to hear the views of RegTech providers and financial institutions on their experience with using RegTech solutions.
The workshop took place on 15 December 2020 from 10:00 to 13.00 CET as a closed workshop, by invitation only. The audience included representatives of public authorities, while speakers featured selected RegTech providers and financial institutions. As a follow up to the EBA survey on RegTech circulated over the summer his year, this workshop served to provide further insights into the challenges faced and facilitate the discussion between the stakeholders.
In particular, this event focused on governance processes related to the uptake of RegTech solutions, and a few specific use cases in the area of ICT security and AML/CFT.
The workshop was moderated by Nicola Yiannoulis, Senior Policy Expert, Banking Markets, Innovation and Products Unit at the EBA.

The EBA hosted a virtual event, an industry workshop on the challenges in the adoption of AI, on 29 October 2020 from 10.00 to 12.30 CET.

In light of the recent Digital Finance Strategy of the European Commission, as well as the upcoming EU regulatory framework for AI (expected in 2021), the EBA wishes to continue its ongoing engagement with industry and follow up on specific conclusions of its Big Data and Advanced Analytics report in order to inform upcoming policy discussions. The event focused on data management and ethical aspects, which were identified as prevailing areas in the AI adoption with a potential need for direction. Speakers and panelists discussed the practical challenges in the AI adoption and shared their experiences.

This EBA virtual event brought together the following distinguished speakers and panellists:

• Piers Haben, Director at European Banking Authority (EBA)
• Frédéric Van Weyenbergh, Partner at McKinsey & Company
• Brad Carr, Managing Director at Digital Finance- Institute of International Finance 
• Kerem Tomak, Executive VP at Commerzbank
• Cristina San José, Global Head of Models and Data at Banco Santander
• James Tromans, Technical Director at Google
• Nick Lewins, Financial Services Lead, Microsoft Research at Microsoft 
• Florian Ostmann, Policy Theme Lead at The Alan Turing Institute
• Henri-Olivier Fliche, Director of the Fintech-Innovation division at Autorité de Contrôle Prudentiel et de Resolution (ACPR)
• Joost van der Burgt, Senior Policy Adviser at De Nederlandsche Bank (DNB)
• Anna Curridori, Supervision of Information Systems and Support PFS at Commission de Surveillance du Secteur Financier (CSSF)
• Sonia Perez Romero, Legal Officer at European Data Protection Supervisor (EDPS)

 

One of the mandates conferred on the EBA, as laid down in Article 9(1)(a) of the EBA Regulation, is to collect, analyse and report on consumer trends. In order to fulfil this mandate, the EBA  regularly publishes the Consumer Trends Report (CTR). On 29-30 October 2020, the EBA organised a workshop with national and EU consumer associations in order to feed information in the CTR 2020-21. The event achieved the following objectives:

• allowed the EBA to collect various views from participating consumer associations both on the topical issues covered, including on the topic of digitalisation in retail banking as well as on specific aspects of the standard retail banking products and services within the remit of the EBA;
• allowed the EBA to have a better understanding on the issues that consumer associations had provided in their responses to the questionnaires; and
• allowed consumer associations, which do not have the manpower to provide written comments to the questionnaires of the EBA, to inform EBA of the issues that, in their view, are relevant for consumers in the EU. 
   

The EBA organised a virtual panel on 30 September 2020 as part of the its mandate to review and coordinate financial literacy and education initiatives by national authorities, and in light of the emergence of COVID-19. The virtual panel provided a platform to discuss financial education related issues bringing together 270 participants including officials and experts from public authorities, EU regulatory and supervisory authorities, officials from ministries of finance, national competent authorities and international organisations, as well as the academic community, the private sector and NGOs. The panel discussion explored the lessons learned and way forward on financial education and literacy practices and strategies, the role of digital financial education and literacy in the context of COVID-19 and how the EBA could better fulfil its mandate on financial education and literacy going forward.
For more information please see the Highlights of the event and the EBA’s financial education webpages.

During February 2019, the EBA held a series of targeted workshops with a number of financial institutions, technology providers and academics/researchers to better understand the ongoing activity in this area of Big Data and Advanced Analytics. Participants shared their thoughts on the development of AI-based solutions as well as their experiences on the implementation issues and limitations they were facing in the adoption of BD&AA solutions. The outputs from these workshop fed into the final Big Data and Advanced Analytics report published in January 2020.

The EBA has held a roundtable event with a number of API initiatives and hubs that are known to be developing API standards and technical specifications. This roundtable took place in the context of the EBA ‘s supervisory work on the industry preparedness to the application of the EBA's Technical Standards on strong customer authentication and common and secure communication (EBA-RTS-2017-02), under the revised EU Payment Services Directive (PSD2), and in particular the development of API platforms for the purpose of sharing payment account customer data with account information service providers (AISPs), payment initiation service providers (PISPs) and card-based payment instrument issuers (CBPIIs). The roundtable aimed at gaining a better understanding of the variety of initiatives, including those developing standards and technical specifications with a view to have uniform standards in the EU and those playing the role of a hub to support the implementation of APIs by account servicing payment service providers (ASPSPs) and their interconnection with AISPs, PISPs and CBPIIs with a view to reduce implementation costs for ASPSPs, facilitate implementation and bring a degree of uniformity. The roundtable also aimed to at understanding the role these initiatives are playing and can play in the regulatory framework.

The EBA held a supervisory workshop on APIs in the context of industry preparedness to the application of the EBA's Technical Standards on strong customer authentication and common and secure communication (EBA-RTS-2017-02) under the revised EU Payment Services Directive (PSD2). One of the objectives of the PSD2 is to enhance innovation and competition in the EU payments market, by establishing two new types of services: account information services (AIS) and payment initiation services (PIS). The workshop was addressed to supervisory authorities with a remit for payment services and was aimed at facilitating supervisory convergence during the period leading up to the application date of the RTS in September 2019. A range of API initiatives and hubs supporting the API platforms were invited to present their development of technical specifications for the purpose of sharing payment account customer data with AIS providers, PIS providers and card-based payment instrument issuers.

Following on from the publication of the EBA Recommendations on Outsourcing to the Cloud in December 2017, this one day workshop will bring together key stakeholders to discuss the benefits and challenges brought about in implementing the Recommendations for using cloud in financial services. This workshop is for the benefit of competent authorities, cloud service providers and financial institutions (no press allowed) and will be structured around 3 panel discussions with audience participation encouraged.You can find the agenda here. Registration for this event is now closed.

 

Session 2 - HSBC Cloud - 17 Oct 2018
Session 4 - NY and DB - EBA Recs on cloud and Outsourcing GLs - 17 Oct 18
Session 4 - M Labarile - EC Update - 17 Oct 18 - NON - CONFIDENTIAL VERSION
Session 5 - Cloud BaFin presentation-17 Oct 2018
Session 5 - Cloud CSSF presentation-17 Oct 2018
Session 8 - Roundtable discussion - 17 Oct 18
Speaker biographies

As part of its FinTech Knowledge Hub activities, the EBA will be hosting this webinar to present the key findings and observations of the first product of its FinTech Roadmap – the thematic report on the impact of FinTech on incumbent credit institutions' business models. You can find the invitation to the webinar and agenda here. The webinar participants will also be invited to share their views on how FinTech changes the EU financial sector landscape. Registration for this event is now closed.

 

Click here to access the webinar presentation

The EBA has held a supervisory workshop on APIs in the context of industry preparedness to the application of the Delegated Regulation on strong customer authentication and common and secure communication. This workshop included

demonstrations from a number of European banks of their API platforms for the purpose of sharing payment account customer data with account information service providers, payment initiation service providers and card-based payment instrument issuers. This workshop was aimed at supervisors of competent authorities with payment and PSD2 expertise.

As set out in the EBA's FinTech Roadmap, the EBA is carrying out a comparative assessment of regulatory sandboxes, innovation hubs and other schemes in the Member States with a view to identifying best practices in their design and operation.  
The EBA is keen to gain insights from financial institutions, other FinTech firms and technology providers on the operation of existing schemes and invites registrations for an industry roundtable at the EBA's premises on Monday 3 September (2-4pm).
The roundtable will involve a semi-structured discussion on key issues such as scope, entry and exit criteria, transparency, cross-border cooperation, and other aspects to help facilitate the scaling-up of financial innovations across the EU.
The registration deadline is Friday 10 August. Due to the anticipated interest in this roundtable, please register a maximum of two attendees per firm.

The EBA has held a roundtable event with a number of account information and payment initiation service providers that have recently been authorised, or are currently undergoing authorisation, under the PSD2 in one of the EU Member States. This roundtable took place in the context of the EBA supervisory work on the industry preparedness to the application of the EBA's Technical Standards on strong customer authentication and common and secure communication (EBA-RTS-2017-02) under the revised EU Payment Services Directive (PSD2). The event focussed on the development of API platforms for the purpose of sharing payment account customer data with account information service providers, payment initiation service providers and card-based payment instrument issuers. The roundtable aimed to gain a better understanding of the variety of account information and payment initiation service providers within the EU as well as the way in which they currently operate, for those who already provide services, the issues they are currently facing, and their preparedness for the technical standards.