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EBA Report on structured deposits.pdf
Report on cost and past performance of structured deposits
ESAs consult on proposed changes to the key information document for PRIIPs
The European Supervisory Authorities (ESAs) have today issued a consultation paper on targeted amendments to the Delegated Regulation covering the rules for the Key Information Document (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs).
JC Consultation Paper on targeted amendments to PRIIPs KID
Joint Committee Guidelines on complaints-handling (JC 2018 35)_EN.pdf
Guidelines for complaints-handling for the securities (ESMA) and banking (EBA) sectors
ESAs report finds automation in financial advice slowly growing but scale of market remains limited
The three European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – today published the results of their monitoring exercise on automation in financial advice. The Report shows that while the phenomenon of automation in financial advice seems to be slowly growing, the overall number of firms and customers involved is still quite limited.
Regulatory Technical Standards on central contact points under PSD2
Extension of the Joint Committee Guidelines on complaints-handling (JC 2018 35).pdf
Extension of the Joint Committee Guidelines on complaints-handling (JC 2018 35)
EBA updates the Joint Committee Guidelines on complaints-handling to extend their scope of application
The European Banking Authority (EBA) published today an update to the Joint Committee (JC) Guidelines on complaints-handling, which includes an extension of their scope of application to the authorities supervising the new institutions established under the revised Payment Service Directive (PSD2) and the Mortgage Credit Directive (MCD). This extension will ensure that an identical set of requirements for complaints-handling continues to apply to all financial institutions across the banking, investment and insurance sectors. This will provide consumers with the same level of protection, irrespective of which regulated product or service they are purchasing and which regulated institution they are purchasing it from.
Extension of the application of the Joint Committee Guidelines on complaints-handling to the new institutions under PSD2 and MCD
Report on the impact of Fintech on incumbent credit institutions' business models.pdf
Report on the impact of Fintech on incumbent credit institutions' business models
Report on prudential risks and opportunities arising for institutions from FinTech
Report on prudential risks and opportunities arising for institutions from FinTech
Consultation on the extension of the application of the Joint Committee Guidelines on complaints-handling to the new institutions under PSD2 and MCD
ESAs weigh benefits and risks of Big Data
The Joint Committee of the European Supervisory Authorities (ESAs) published today its final report on Big Data analysing its impact on consumers and financial firms. Overall, the ESAs have found that while the development of Big Data poses some potential risks to financial services consumers, the benefits of this innovation currently outweigh these. Many of the risks identified by the ESAs are mitigated by existing legislation.
Consultation Paper on the application of the Joint Committee Guidelines on complaints-handling to the new institutions under MCD and PSD2 (EBA-CP-2018-02).pdf
Consultation Paper on the application of the Joint Committee Guidelines on complaints-handling to the new institutions under MCD and PSD2 (EBA-CP-2018-02)
EBA consults on extending the application of the Joint Committee Guidelines on complaints-handling to the new institutions under PSD2 and MCD
The European Banking Authority (EBA) launched today a public consultation to propose extending the scope of application of the existing Joint Committee (JC) Guidelines on complaints-handling to the new institutions established under the revised Payment Service Directive (PSD2) and the Mortgage Credit Directive (MCD). The proposal, which does not envisage any changes to the substance of the existing Guidelines, will ensure that an identical set of requirements for complaints-handling continues to apply to all financial institutions across the banking, investment and insurance sectors. The extension of the scope will provide consumers with the same level of protection, irrespective of which regulated product or service they are purchasing and which regulated institution they are purchasing it from. The consultation runs until 27 May 2018.
EBA publishes Final Guidelines on Professional Indemnity Insurance under PSD2
The European Banking Authority (EBA) published today its final Guidelines under the revised Payment Services Directive (PSD2), on the criteria on how to stipulate the minimum monetary amount of the professional indemnity insurance (PII) or other comparable guarantee for payment initiation services (PIS) and account information services (AIS). Undertakings intending to carry out these services will need PII cover or a comparable guarantee as a prerequisite to be granted authorisation. The Guidelines, therefore, contribute to the overall objectives of PSD2, by strengthening the liability regime governing the interactions between the different actors involved in electronic payment transactions.