Publications and events

Industry Call To Reconsider Approach On Virtual IBANs

The EMA co-signed a joint industry letter on virtual IBANs:

The EU digital payment industry urges Member States to reconsider the Belgian Presidency proposal to assimilate virtual IBANs to traditional IBANs, and to mandate payment service providers to open a payment account with a credit institution in each Member State they operate in. The result will be to materially reduce the ability of payment service providers operating cross-border to help consumers and merchants manage their payments and overcome IBAN discrimination. More evidence is needed on the risks implied by virtual IBANs, and the potential risk mitigation measures should be assessed against their impact on competition, innovation and consumer choice in the EEA.

Read the full letter here

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DORA implementation for e-money and payment service providers

The EMA is launching a working group on digital operational resilience for e-money issuers and payment service providers (“DORA 2024“).

The DORA regulation, directive and numerous RTS, ITS and guidelines will apply from January 2025. We will be working together to implement DORA within the EMI and PI business and be ready for this deadline. 

DORA 2024 working group sessions form part of the EMA’s compliance support track for members and will be purely practical in nature. Documents, checklists, templates etc. will be provided to attendees. 

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