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ITALIAN BANKING ASSOCIATION

All the banks providing input on this consultation are in favour of solution a): they prefer that EBA Guidelines enter into force, as proposed, on 1st August 2015 with the substance set out in the consultation paper, which means they would apply during a transitional period until stronger requirements enter into force at a later date under PSD2 (i.e. a two-step approach).
Rita Camporeale
I