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The Payments Newsletter including Digital Assets & Blockchain, May/June 2023

The Payments Newsletter including Digital Assets & Blockchain, May/June 2023
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The digital euro: our money wherever, whenever we need it

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

Bruxelles capitaleIrene tinagliCommittee on economicDeutsche bundesbankMonetary affairs of the european parliamentEuropean commissionMonetary affairsEuropean parliamentEurosystem collateral management systemSecurities settlementEuropean economic areaEuro retail payments boardPayment accounts directiveKantar publicRulebook development group

UK government consults on future of consumer information requirements for payment accounts | Hogan Lovells

As part of the Edinburgh Reforms announced by the UK Chancellor of the Exchequer on 9 December 2022, HM Treasury is consulting on the customer information requirements in the Payment.

United kingdomCity ofPayment services amendment regulationsFinancial servicesPayment accounts directiveEdinburgh reformsUnited kingdomFuture regulatory frameworkElectronic money directiveStatutory instrumentsElectronic moneyPayment services

EBA Calls On Financial Institutions To Ensure Compliance With Sanctions Against Russia Following The Invasion Of Ukraine And To Facilitate Access To Basic Payment Accounts For Refugees

<p><span>The European Banking Authority (EBA) strongly condemns the recent developments that are taking a heavy toll on the Ukrainian state, society, and economy. Following the invasion of Ukraine, the Council of the EU has adopted restrictive measures against Russia and Belarus which require actions from the financial sector. The EBA is working with relevant authorities to ensure proper implementation by all financial institutions of these restrictive measures. As part of this, the EBA will collect and filter queries related to the scope of the restrictive measures as they apply to banks, and channel them to the EU Commission who will answer them. The EBA will continue to closely monitor and assess the situation to inform decisions and actions needed to mitigate short- and medium-term risks and stands ready to act under its competences.</span></p>

European banking authorityEu commissionEuropean commissionEu councilFinancial intelligence unitsTemporary protection directivePayment accounts directive

EBA calls on financial institutions to facilitate access to basic payment accounts for refugees

The European Banking Authority (EBA) strongly condemns the recent developments that are taking a heavy toll on the Ukrainian state, society, and economy. Following the invasion of Ukraine, the Council of the EU has adopted restrictive measures against Russia and Belarus which require actions from the financial sector.

European banking authorityEu commissionFinancial intelligence unitsTemporary protection directivePayment accounts directive