EU

EBA Launches PSD2 Register

By Editor

Managing access to personal data is a central question in many aspects of the global economy and at the forefront of many debates on a host of issues. Not least in payments.

Europe is pushing in two directions on payments infrastructure: making it easier to access, while strictly restricting access to authorised entities. The “Payments Services Directive (PSD2)” is opening up access to authorised groups, through Open Banking APIs. At the same time, the privacy provisions that define who can access what have been greatly tightened. Confused? Well, this week the European Banking Authority launched its central register of the thousands of payment and electronic money institutions operating under PSD2. Perhaps it might help.

Read more

Webinar: EU’s LEI Requirements

By Editor

The European Securities and Markets Authority (ESMA) has published a webinar on the Legal Entity Identifier (LEI). The webinar, which is available to view on YouTube, covers LEI requirements under MiFID II and other legislation such as EMIR and SFTR. A number of EU regulations and directives already require the use of a LEI, and […]

Read more

EU Agrees on Sustainable Investment Disclosure Rules

By Editor

The European Parliament and EU member states have reached a political agreement on 7 March on the new rules governing disclosure requirements for sustainability investments. This latest agreement is part of the EU’s Action Plan on Financing Sustainable Growth.

Read more

Open Data comes to EU Business Registries?

By Editor

This week the EU agreed upon a revision to the Directive on the re-use of public sector information. The new Directive, the Open Data and Public Sector Information Directive, will require member states to make public sector and publicly funded data open and available for re-use. The Directive includes materials held by public sector bodies at […]

Read more

Structured Fundamental Data is a Critical Asset

By Editor

This is the sixth in a series of guest posts from Mohini Singh, ACA, Director, Financial Reporting Standards, CFA Institute. This post is an extract from the CFA Institute’s comments on the European Commission’s ‘Fitness Check on the EU Framework for Public Reporting by Companies’ consultation document. The CFA Institute has long supported improving digital access […]

Read more

Data for All – Increasing the availability of Data in the EU

By Editor

The European Commission is ramping up its efforts to create measures for increasing the availability of data in the EU, building on previous initiatives to boost the free flow of non-personal data in the Digital Single Market. The Commission’s VP, Andrus Ansip highlighted their perspective noting “without data, we will not make the most of […]

Read more

A Roadmap for EU Fintech Regulation

By Editor

The debate on regulating innovation is often laden with prejudices and undue simplifications. Chair of the EBA, Andrea Enria, recently spoke on how the European Banking Authority expects supervision and regulation of the Fintech market will work. Identifying the inherent problems of both the strict need to protect the financial system and citizens and the […]

Read more