EMA response to IOSCO Policy Recommendations for DeFI
The EMA submitted a response to IOSCO on Policy Recommendations for Decentralised Finance (DeFi).
EMA response to IOSCO Policy Recommendations for DeFI Read More »
The EMA monitors and frequently responds to government and European consultations on regulation that impact the e-money and payment services industry. The relevant regulatory proposals and consultations are listed below.
The EMA sent a letter to the European Commission on e-money for the purposes of considerations in the context of the review of PSD2. The paper addresses the status of e-money in comparison to deposits, and also in relation to payment accounts as well as other topics we touched upon during our conversations.
EMA EMD-PSD Position paper Read More »
The EMA submitted a response to the UK Payment Systems Regulator CP23/10: Specific Direction on FPS participants – implementing the reimbursement requirement.
EMA response to PSR CP23-10 Specific Direction on FPS Participants Read More »
The EMA co-signed an industry letter addressed to the European Commission on IBAN discrimination:
“We urge policymakers and national competent authorities to take a new approach in combating the issue of IBAN discrimination – a practice that has been prohibited for nearly a decade, but which is still widespread across the EU and prevents consumers and businesses from making payments or getting paid. According to data collected by the Accept My IBAN initiative, every month hundreds of people complain that they can’t pay for their phone contracts, rent, newspaper subscriptions, electricity bills, gym memberships, or public transport. What is even more worrying is that in some cases, an IBAN starting with the ‘wrong’ letters can prevent consumers from receiving tax rebates, unemployment benefits and social security payouts.
“Unfortunately, the lack of enforcement, action and strategy to put an end to IBAN discrimination leaves consumers without access to basic services when moving to or purchasing services in another Member State. It also makes companies perceive the EU as a fragmented market where it is harder to do business. As an industry, we call for clear rules, concrete actions and cooperation to stop discrimination.”
Industry letter to ensure that IBAN discrimination no longer occurs Read More »
The EMA submitted a letter to the Bank of Lithuania on the maximum level of fees to be paid by market participants for financial market supervision in 2024.
EMA response to the BoL contributions in 2024 Read More »