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 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 response to four ESA CPs on DORA policy products.
Read the responses here:
EMA responses to ESAs first batch of DORA policy products Read More »
An industry association coalition of electronic money issuers, distributors, and retailers strongly calls on the European Parliament and the Council to keep the use of popular and everyday low-value, low risk e-money products such as e-money gift cards and vouchers and to abstain from introducing a mandatory customer identification for such products.
…Joint industry press release on AMLR regarding low-value gift cardsRead More »
Joint industry press release on AMLR regarding low-value gift cards Read More »
The EMA submitted a response to the EBA CP on Amendments to the Guidelines on money laundering and terrorist financing risk factors to include crypto-asset service providers.
EMA response to EBA consultation on ML/TF Risk Factors Guidelines to include CASPs Read More »
The EMA submitted a response to the European Commission consultation on Banking Union: Review of the bank crisis management and deposit insurance framework (DGSD review) – Proposal for a directive – COM(2023)228.
EMA response to EC consultation on DGSD Read More »
The EMA submitted a letter to the EBA on the EBA’s draft response to European Commission’s CfA on Delegated Acts under MiCAR concerning certain criteria for the classification of ARTs and EMTs as significant and the fees that are to be charged by EBA to issuers of significant ARTs and EMTs.
The EMA co-signed a Call to Action to safeguard the Customer Due Diligence exemption for low-risk, low-value e-money products in the upcoming AML Regulation. The letter encourages the European Parliament to take onboard the industry concerns and remove the limitation to „a single Member State“ as well as the reference to a “direct commercial agreement with a professional issuer” in the further legislative procedure.
Joint industry Call to Action on CDD exemption Read More »
