Regulators in Europe are reportedly probing the ties between banks and non-bank financial institutions (NBFIs). This investigation is borne out of concerns about possible contagion due to stresses in the larger system, European Banking Authority (EBA) Chair José Manuel Campa said in a Financial Times (FT) interview published Wednesday (Jan. 3)....
France is vying to host the European Union’s anti-money laundering (AML) agency, with French Finance Minister Bruno Le Maire presenting Paris as an ideal location for the agency. Addressing European Union (EU) ambassadors on Friday (Nov. 17), Le Maire highlighted that Paris already serves as...
Payment fraud is expected to jump from $28 billion globally in 2020 to $49 billion in 2030, according to analysts. Those figures, said Linda Weston, head of core product at Barclaycard Payments, point to the enormous threat online retailers are facing in the payments space,...
Changes to strong customer authentication (SCA) rules in Europe are aiming to reduce customer friction. In the EU, the European Banking Authority (EBA) has updated its regulatory technical standards (RTS) to extend the 90-day “reauthentication rule” to 180 days. Under the EU’s old RTS, customers...
March 08, 2023
Payment fraud is expected to jump from $28 billion globally in 2020 to $49 billion in 2030, according to analysts. Those figures, said Linda Weston, head of core product at Barclaycard Payments, point to the enormous threat online retailers are facing in the payments space, not to mention the added burden of ensuring optimal protection […]
July 23, 2019
There may be extensions to Strong Customer Authentication's (SCA) rollout this fall — and there may not. And, there may be exemptions granted by the EBA — and there may...
July 09, 2024
European Banking Authority Chairman Jose Manuel Campa said the watchdog organization may make reporting requirements for nonbank financial institutions a “next step.” Campa said the rapid expansion of the “shadow banking” sector, which includes hedge funds, private credit providers and insurers, presents a lack of transparency and the potential to have problems that could extend […]
January 03, 2024
Regulators in Europe are reportedly probing the ties between banks and non-bank financial institutions (NBFIs). This investigation is borne out of concerns about possible contagion due to stresses in the larger system, European...
November 17, 2023
France is vying to host the European Union’s anti-money laundering (AML) agency, with French Finance Minister Bruno Le Maire presenting Paris as an ideal location for the agency. Addressing European...
July 31, 2022
There are reportedly “major concerns” among European regulatory officials about the ability to hire specialized staff to help regulate crypto. Authorities worry about how they will be able to supervise...
