About EBA
The Euro Banking Association (EBA) today issued version 6.0 of the EBA Fraud Taxonomy, which will take effect on 1 January 2026. The taxonomy is reviewed on an annual basis with the support of fraud fighters from financial institutions across Europe. The aim of this process is to ensure that the taxonomy continues to fit the changing needs of fraud experts in Europe and beyond.
Version 6.0 has been updated to reflect latest fraud trends identified by the experts participating in the Association’s Expert Group on Payment Fraud-related Topics (EGPF), which has developed the EBA Fraud Taxonomy. The updates included in version 6.0 focus on further clarifying key concepts of the taxonomy by e.g.
• updating a few existing definitions,
• introducing one new modus (‘Impersonation of person with authority to instruct payments’) and
• introducing a limited number of new labels/tags.
An overview of the changes introduced into version 6.0 is set out in the Annex of the document.
The taxonomy offers a common pan-European vocabulary and categorisation approach to describe fraud scenarios related to all kinds of payments, including card transactions. It supports creating a pan-European ecosystem for sharing fraud data and intelligence.
The EBA Fraud Taxonomy version 6.0 is available to any interested party via the EBA website.
To learn more about the EBA Fraud Taxonomy, click here.
Download the Report of the Board to learn more about the EBA’s activities in 2024.
The EBA Expert Group on Cross-Border Payments (EGXP) calls on PSPs to make themselves reachable via the One-Leg-Out Instant Credit Transfer (OCT Inst) Scheme of the European Payments Council. The group recommends that PSPs begin resource planning with the goal to start implementation in 2026.
In time for EBAday 2025, the EGXP released a sneak preview into the key reasons why OCT should be implemented and an outline of how this should be done.
A detailed white paper will follow after the summer.
The Euro Banking Association (EBA) today announced the publication of a new report by its Liquidity Management Working Group (LMWG). “Navigating new waters: The ripple effects of regulation on liquidity management” addresses the changes that the EU’s application of Basel III, the third Capital Requirements Regulation (CRR III), will bring to today’s capital adequacy measures.
Download fact sheet and full report
In this thought leadership piece, the financial industry players identify the public cloud as a key enabler of advancements in the financial sector, while highlighting challenges and risks that must be managed carefully.
As from 4 November 2024, Wim Grosemans of BNP Paribas Fortis, whose application has been supported by the EBA member community based in Belgium, has joined the Board of the Euro Banking Association.
Wim takes over the Board seat held by Krister Billing prior to his appointment as EBA Deputy Chairman in June 2024.
The Euro Banking Association (EBA) today released the findings of the EBA survey on cross-border payments initiatives. The survey was developed by the EBA Expert Group on Cross-Border Payments (EGXP) and was conducted earlier this year. The EBA invited its member banks to provide feedback on two core aspects: the extent to which relevant industry initiatives could improve cross-border payments in line with the targets and objectives of the G20 Roadmap and the prerequisites needed for the market adoption of these initiatives.
The Euro Banking Association (EBA) today released a new report by its Digital Currencies & Smart Payments Working Group.
“Re-inventing money: Considerations on future requirements for new forms of digital money” explores future requirements for new forms of digital money with a focus on its use for corporate customers.
The report investigates how technological innovations are transforming not only the banking industry at large, but money itself. Distributed Ledger Technology (DLT) is at the heart of this transformation but continues to pose challenges for financial institutions and their corporate customers.
The Euro Banking Association (EBA) released a recommendation note for euro instant payments requiring FX conversion.
The note was put together by a sub-group of the EBA Practitioners Group on Instant Payments, and spells out how foreign exchange (FX) experts and other payment practitioners understand the regulation obligations impacting these 24/7/365 real-time transactions.
Based on this understanding, the note provides practical recommendations for the operational handling of these transactions.
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