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The European Banking Authority (EBA) published today its final Guidelines on the information to be provided by applicants intending to obtain authorisation as payment and electronic money institutions as well as to register as account information service providers (AISP) under the revised Payment Service Directive (PSD2). These Guidelines are in support of the objective of the revised Payment Services Directive (PSD2) of contributing to an integrated payments market across the European Union, ensuring a consistent application of the legislative framework, and promoting equal conditions for competition.

The European Banking Authority (EBA) published today data relating to two key concepts in the Deposit Guarantee Schemes Directive (DGDS): available financial means, and covered deposits. The data provides an overview of the level of pre-funded resources available to each Deposit Guarantee Scheme (DGS) in the EU to cover its potential liabilities to depositors. The pre-funded available financial means of each DGS are in the process of being built up under a new funding model introduced in 2014. However, the deposit guarantee of €100,000 (or equivalent in local currency) remains fully in effect, and built up available financial means are only one source of funding for EU DGSs. With this publication, which will be done on a yearly basis, the EBA will contribute to enhance transparency and public accountability of DGSs across the EU to the benefit of depositors, markets, policymakers, DGSs and Members States.