The EBA has held its first Summer school after a three-year break as a result of the Covid-19 pandemic. The successful two-day Summer School, which ran from 4 July to 6 July 2022 took place in Nice, France, and was attended by 37 delegates and 11 lecturers. At the heart of discussions were rich data, emerging technologies, and the future of payments. Sponsored by Accenture, the EBA Summer School included a day’s visit at the Accenture Innovation Labs.

The EBA has published an updated version 2.0 of the note on the impact of the EU VAT Fraud Directive.

As of 1 January 2024, the Directive requires PSPs to keep records of, and make available to their national tax authority, data on cross-border payments – even those transacted within SEPA’s geographical scope. The aim is to enable tax authorities to carry out controls to achieve their objective of combatting value-added tax (VAT) fraud. The scope of the obligation includes all payment instruments, including credit transfers, direct debits and card payments (both credit and debit).

At the Annual General Meeting 2022, Wolfgang Ehrmann of Landesbank Hessen-Thüringen was re-elected as Chairman of the EBA Board.  

EBA Board Members Gerald Hechl (Raiffeisen Bank International), Andrea Meier (DZ BANK AG) and Krister Billing (SEB) were also re-elected for another term.