Search

The Joint Committee of the European Supervisory Authorities (ESAs) is organising the third Joint ESAs Consumer Protection Day on 3 June 2015 in Frankfurt am Main. The event will bring together, from all over Europe, thought leaders of consumer/investor organisations, national regulators, EU institutions, academics and key market participants to discuss consumer protection-related issues in the financial services area.

The European Banking Authority (EBA) published its Final Guidelines on standardised fee terminology for EU payment accounts in the EU. These guidelines are the first step towards developing standardised terminology across the EU. They are developed in accordance with the EU Payment Accounts Directive, which requires standardisation of terminology for services that are found to be common in at least a majority of Member States. These Guidelines have been finalised following a two-month consultation period that ended in January 2015.

In an opinion issued today, the European Banking Authority (EBA) recommended that EU legislators clarify the applicability of existing EU law to lending-based crowdfunding, so as to ensure that all participants can have confidence in this new market segment. The EBA opinion, which is addressed to the European Commission, the European Parliament and the EU Council, looked into lending-based crowdfunding across the EU, identified a series of risks and evaluated how they can be addressed in the EU legislative framework.