Posts by Samia Singh
Euro Banking Association explores the impact of the digital euro on banks
The report by the EBA Digital Currency & Smart Payments Working Group aims to help banks and other supervised intermediaries prepare their organisation for the potential introduction of the digital euro.
Read MoreEuro Banking Association explores the impact of the digital euro on banks
The report by the EBA Digital Currency & Smart Payments Working Group aims to help banks and other supervised intermediaries prepare their organisation for the potential introduction of the digital euro. Read press release Download the report Download the fact sheet Request login to the EBA Member Portal
Read MoreEBA Board elections 2023
At the EBA Annual General Meeting 2023, EBA Board members Nicola Coyne (Barclays Bank Plc), Philippe Debrue (Belfius Bank), Annika Osolanus (Nordea Bank) and Serge Wagener (Banque et Caisse d‘Epargne de l’Etat) were re-elected for another three-year term. Ronan Mauguen (Crédit Mutual ARKEA) was newly elected to represent the French community, taking over from François-Xavier Nivoit (HSBC Continental Europe).
Read MoreEBA Board Report 2022 is now available
Download the Report of the Board to learn more about the EBA’s activities in 2022. Download report
Read MoreEuro Banking Association issues version 4.0 of the EBA Fraud Taxonomy updated to capture latest trends in payment fraud
The Euro Banking Association (EBA) today issued version 4.0 of the EBA Fraud Taxonomy, which will take effect on 1 January 2024. The taxonomy equips fraud fighters with a standardised vocabulary and approach for harmonising the categories they use for the description of fraud types. It has been developed by the Association’s Expert Group on…
Read MoreEuro Banking Association issues version 4.0 of the EBA Fraud Taxonomy updated to capture latest trends in payment fraud
The Euro Banking Association (EBA) today issued version 4.0 of the EBA Fraud Taxonomy, which will take effect on 1 January 2024. The taxonomy equips fraud fighters with a standardised vocabulary and approach for harmonising the categories they use for the description of fraud types. It has been developed by the Association’s Expert Group on…
Read MoreIBAN-name checks can increase confidence in instant payments, but are not a universal solution
IBAN-name checks can help to increase the attractiveness of instant payments within the EU, notably by increasing trust in the new mode of payment. But in order to effectively combat attempts at fraud and to bring about greater acceptance of instant payments Europe-wide, they need to be supplemented by further measures. The study “IBAN-name check: Current…
Read MoreIBAN-name checks can increase confidence in instant payments, but are not a universal solution
IBAN-name checks can help to increase the attractiveness of instant payments within the EU, notably by increasing trust in the new mode of payment. But in order to effectively combat attempts at fraud and to bring about greater acceptance of instant payments Europe-wide, they need to be supplemented by further measures. Any possible standardization should,…
Read MoreCyber Regulation E-Repository updated with new sections
Among other updates, new sections on the Digital Operations Resilience Act (DORA), Guidelines on Outsourcing, and the Cyber Risk Institute Profile were added to the Cyber Regulation E-Repository. The e-repository provides EBA members with easily digestible recaps of relevant cyber regulations and can be accessed here.
Read MoreEuro Banking Association issues best practice recommendations towards harmonised KYC processes
The Euro Banking Association (EBA) released recommendations on data verification for corporate-to-bank KYC in low-risk situations. Issued as a follow-up on its EBA Common Baseline Classification Standard (CBCS) released in April 2022, this new publication proposes a harmonised approach to corporate data collection and verification in know-your-customer (KYC) processes. Read press release Download EBA CBCS –…
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