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.
The EMA welcomes the opportunity to respond to the European Commission request for input on the short inventory of cybersecurity concerns and initiatives.
29 May 2015 EMA response on Cyber Security Issues
EMA response on Cyber Security Issues Read More »
The EMA welcomes the opportunity to respond to the UK Government’s Call for Information as part of a review of the suspicious activity reports (SARs) regime.
2 April 2015 EMA response to call for information on SAR’s review
EMA response to call for information on SAR’s review Read More »
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 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 »
The EMA welcomes the opportunity to respond to HMT’s consultation, ‘Designation of Payment Systems for Regulation by the Payment Systems Regulator’.
13 November 2014,Response to HMT consultation on payment systems
EMA response to HMT’s consultation on payment systems Read More »
EMA response to BaFin consultation on AML circular
EMA response to BaFin consultation on AML circular Read More »
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 »
In March 2014, the FCA, the prudential supervisor for UK-based payment institutions and e-money providers, outlined that it would not be strictly assessing the compliance with the SecuRePay Recommendations on the security of Internet Payments.
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FCA will not strictly assess the SecuRePay recommendationsRead More »
FCA will not strictly assess the SecuRePay recommendations Read More »
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 »
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 »
