EBA expresses dissent over the EU Commission proposed amendments to technical standards under the IFR
The European Banking Authority (EBA) issued today an Opinion to the European Commission, expressing dissent over some of the proposed amendments to its final draft Regulatory Technical Standard (RTS) on the separation of payment card schemes and processing entities under the Interchange Fee Regulation (IFR). The EBA clarified that there is no clear requirement for a legal and structural separation between card schemes and processing entities.