European Commission

336 results about this entity

Period: 16 Nov 2001 - 22 Apr 2024

FIDO Alliance urges European Commission to outlaw screen scraping

Conversations are ongoing between the European Commission (EC) and the European Banking Authority (EBA) around the Regulatory Technical Standard (RTS) for Strong Customer Authentication (SCA) under the Payment Services Directive 2 (PSD2), specifically with regards to “screen scraping”.

New EC rules could enable banks to increase their software spending

European banks under siege from digital challengers and sophisticated cyber attackers could face some relief from a possible change in accounting rules that will enable them to spend more on new software.

EC sets sights on Visa's inter-regional interchange fees

The European Commission has taken another step in its long-running tussle with Visa over interchange fees, turning its attention to the fees merchants in the EU must pay on transactions involving cards issued outside of the region.

Commission takes aim at EU-wide currency exchange costs

The European Commission is planning a crackdown on the high costs associated with cross-border currency transfers in and out of the euro.

Consumer groups and fintech firms at loggerheads over screen scraping

European consumer interest group BEUC has waded into the screen-scraping debate, urging banking authorities to ban the practice in favour of the creation of a harmonised interface for customer data sharing.

European Fintech Alliance hits back at EBA over screen-scraping

The Future of European Fintech Alliance – Commenting on EBA’s opinion on the European Commission’s amendments to the RTS on authentication and communication under PSD2

EBA rejects Commission amendments on screen scraping under PSD2

The latest twist in the ongoing row between banks and fintech companies over the future of customer data sharing under the revised Payment Services Directive (PSD2) comes courtesy of the European Banking Authority, which has rejected a proposed amendment to the rules from the European Commission that would have allowed for the continuation of screen scraping.

European savings and co-operative banks join screen-scraping row

Trade groups representing over 5000 European savings and co-operative banks have called on the European Banking Authority to reject Commission amendments to the revised Payment Services Directive which would require banks to provide a fall-back interface to screen-scraping technology for third party access to consumer bank data.

EU rules on software investment attacked by bank lobby group

The European Banking Federation has called on EU policymakers to rethink their prudential requirements for software investments by banks, describing the current treatment as a "significant disincentive for investments in innovation".

Commission proposes more robust supervision of central counterparties

The European Commission is today proposing targeted reforms to further improve the financial stability of the European Union.

European Commission calls on EBA to rethink screen scraping ban

The EU's financial service head Vladis Dombrovskis is calling on the European Banking Authority to revisit its proposed ban on 'screen scraping' under the revised Payments Services Directive (PSD2).

European banks lobby Commission to push ahead with screen scraping ban

European banks say that privacy of client data, cybersecurity and innovation are at risk should the European Commission bow to the demands of fintech firms and backtrack on plans to ban screen-scraping under the revised Payment Services Directive, PSD2.

Commission proposes simpler and more efficient derivatives rules

The European Commission is today proposing some targeted reforms to improve the functioning of the derivatives market in the EU.

EC plans blockchain 'observatory'

The European Commission is pumping EUR500,000 into a blockchain and distributed ledger technology 'observatory' and forum to help it build up its knowledge and expertise on the subject.

Esma advises Commission on trade repository fees

The European Securities and Markets Authority (ESMA) has published today its final technical advice to the European Commission regarding supervisory fees for Trade Repositories (TRs) under the Securities Financing Transactions Regulation (SFTR).

European Commission opens investigation into RBS sell-off alternatives

The European Commission has opened an in-depth investigation to assess whether the alternative package proposed by the UK authorities is an appropriate replacement for the commitment for the Royal Bank of Scotland (RBS) to divest Williams & Glyn, required as part of its restructuring plan.

LSE and Deutsche Börse merger officially blocked by European Commission

The European Commission has officially blocked the proposed mega-merger between the London Stock Exchange and Deutsche Börse, citing competition concerns.

European Commission opens public consultation on fintech

The European Commission is to run a public consultation on fintech as it bids to shape its policy response to the booming market for new innovations in financial services.

EU sets out CCP recovery and resolution rules

The European Commission has today proposed new rules to ensure that systemic market infrastructures in the financial system, known as Central Counterparties (CCPs), can be dealt with effectively when things go wrong.

European Commission sets up fintech task force

The European Commission has set up a Financial Technology Task Force to shape its response to the effects of digital innovations in the banking sector.