EMA publications

The EMA frequently responds to government and European consultations on regulation that impacts the e-money and payment services industry. Sometimes, we also express our views on issues that are raised in the public domain where we feel it is important to provide an industry input.

Our publications reflect the views of the EMA as whole; individual members’ views may vary from time to time. The public consultation responses are listed below. For further information on these positions, please contact us.

Final EMA response to FCA consultation on complaint handling

The EMA welcomes the opportunity to respond to FCA’s consultation, ‘Improving Complaints Handling’ CP 14/30. The response below addresses the questions that are of particular concern to EMA members: Question 3 on the summary resolution communication, Question 8 on the use of premium rate telephone numbers, and Question 20 on the cost benefit analysis.

13 March 2015     Final EMA response to FCA consultation on complaint handling

Final EMA response to FCA consultation on complaint handling Read More »

EMA response to EBA’s consultation on the implementation of draft EBA Guidelines

EMA responsed to EBA’s consultation

EMA response to the EBA’s consultation EBA/CP/2014/31 on the implementation of draft EBA Guidelines on the security of internet payments prior to the transposition of the revised Payment Services Directive (“PSD2”)

17 November 2014, EMA response to EBA consultation

EMA response to EBA’s consultation on the implementation of draft EBA Guidelines Read More »

EBA concerns over anonymity and IT security at bitcoin conference

Amsterdam recently hosted the Bitcoin 2014 conference, which included a session on anti-money laundering on transparent networks. Dirk Haubrich of the European Banking Authority (EBA) outlined some concerns that the EBA has on digital currencies generally, including bitcoin.

Haubrich said that the EBA is concerned about: …

EBA concerns over anonymity and IT security at bitcoin conferenceRead More »

EBA concerns over anonymity and IT security at bitcoin conference Read More »

EU Parliament finalises vote on Payment Accounts Directive

On the 15th of April, European Parliament voted on the text for the Payment Accounts Directive. This concludes the legislative process in Brussels that started with a Directive proposal on the comparability of payment account fees, payment account switching and access to payment accounts.

The Directive lists a number of requirements with respect to using standardised terminology and facilitating account switching for all payment services providers. It also provides a regime, applicable to credit-institutions only, to ensure the proper provision of basic bank accounts in Member States.

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EU Parliament finalises vote on Payment Accounts DirectiveRead More »

EU Parliament finalises vote on Payment Accounts Directive Read More »

EMA response to call for inputs for the UK Payment Systems Regulator (PSR)

Last year, HM Treasury announced that the Financial Conduct Authority would set up the UK Payment Systems Regulator (PSR). Following the announcement, the FCA published a “call for inputs” consultation in March this year and organised a stakeholder conference. The EMA contributed to the consultation to assist the Payment Systems Regulator develop its regulatory approach and identify early priorities.

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EMA response to call for inputs for the UK Payment Systems Regulator (PSR)Read More »

EMA response to call for inputs for the UK Payment Systems Regulator (PSR) Read More »

EU parliament votes on multilateral interchange fee regulation and payment services directive

Last week, the Members of European Parliament voted on the Commission proposals for a multilateral interchange fee (MIF) regulation and for the revision of the Payment Services Directive (PSD). The votes were cast at the end of the Parliamentary term and consolidate the position of the European Parliament. …

EU parliament votes on multilateral interchange fee regulation and payment services directiveRead More »

EU parliament votes on multilateral interchange fee regulation and payment services directive Read More »

ECB outlines way forward for European retail payments

Pierre Petit, deputy director general (payments and market infrastructure) of the European Central Bank, has outlined the ECB’s  views on European retail payments. He made his remarks at the EPCA Summit 2014, where he defined the role of the European Retail Payments Board (ERPB) and the follow-up on the SecurePay recommendations on access to payment accounts.

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ECB outlines way forward for European retail paymentsRead More »

ECB outlines way forward for European retail payments Read More »