While MEPs were campaigning for re-election and parliamentary deliberations paused since the end of April, Council discussions continued on files relevant to card payments, namely the Payment Services Regulation and the digital euro. In addition, in this newsletter we cover outgoing ECON MEPs and which prominent members have been re-elected, a Commission consultation on AI in finance and the latest with regards to the EU’s probe into Apple Pay. Read the full newsletter as PDF   Nyhetsbrev som PDF (svensk version)

Det återstår endast en månad innan Europaparlamentets ledamöter börjar sina kampanjer inför EU-valet i början av juni. Inför de slutliga parlamentssammanträden under den sista veckan i april har EU-lagstiftarna arbetat febrilt för att slutföra flera nyckelfrågor som påverkar betalningsområdet. Arbetet med regleringen av omedelbara betalningar och cybermotståndskraft har avslutats. Diskussionerna fortsätter om PSR/PSD3 och Digital euro, men det slutliga avtalet kommer att ske under nästa mandatperiod. Dessutom har kommissionen publicerat en viktig studie om Interchange-avgiftsregleringen.   Läs hela nyhetsbrev som PDF

Only one month remains before Members of the European Parliament begin campaigning for the EU elections. Ahead of the final Parliament Plenary in the last week of April, EU legislators have been racing to finalise several key files impacting payments. Work on the Instant Payments regulation and the Cyber Resilience Act has been wrapped up. Discussions continue on the PSR/PSD3 and Digital euro but final agreement will happen under the next mandate. In addition, the Commission published an important study which into the Interchange Fee Regulation. Read newsletter…

Många processer inom betalningsområdet är på väg mot mål – trots motstånd när Belgien tar över ordförandeskapet i EU:s ministerråd från årsskiftet Den innevarande EU-mandatperioden närmar sig sitt slut. Med endast några månader kvar till EU-valet 2024, har lagstiftarna lyckats slutföra arbetet kring flera nyckelfrågor som handlar om kortbetalningar. Under november nåddes enighet under trilogmöte (trilogue) om förordningen kring omedelbara betalningar och lagen om cybermotståndskraft. Samtidigt pågår arbetet med PSR och PSD3, samt den digitala euron, med mål om att slutföra parlamentets ståndpunkt före valet. Vissa ledamöter pekar…

As the final full year of this EU institutional mandate draws to a close, with only a few months left before the elections in 2024, EU legislators have managed to complete work on key files of relevance to card payments. Agreements in trilogues were found in November on the Instant Payments Regulation and the Cyber Resilience Act. Meanwhile, work on the PSR and PSD3, as well as the digital euro, is ongoing with the objective of finalising the Parliament’s position before the elections. Read the full newsletter as…

With the European institutions shut in August, the summer saw few developments on payments policy. Since the September rentrée, there have been a number of appointments in the Parliament on the last key payments files of this Commission’s term. At the same time, various industry stakeholders have now published their positions on the Payment Services legislative package. Prior to the summer break, the Parliament and Council adopted their preliminary negotiating positions for the Cyber Resilience Act. Meanwhile, the digital euro file progresses. The Spanish Presidency of the Council…

The 28th June was a significant day for payments services regulation in the EU. As the Commission races against the clock to publish new legislative proposals to be adopted before the European elections next year, two major packages on Financial data access and payments and on the Single Currency, providing a framework for a Digital euro, were published. On the same day, the Parliament finalised its position on the Instant Payments Regulation, opening the way for final negotiations with the Council. Meanwhile, the European Payments Initiative has reframed…

NEW REPORT RECOMMENDS CHANGES TO PSD2 Valdani, Vicari & Associati (VVA) and the Centre for European Policy Studies (CEPS) published a study on the impact of the Second Payment Services Directive (PSD2). The report will serve as a reference point for the European Commission as it drafts its upcoming changes to the directive, expected to be published on 28 June. The report is advisory and non-binding. The authors find future developments in the market, such as the possible adoption of the digital euro or the uptake of crypto…

Fri konkurrens och konsumentskydd bör prioriteras – även på betalningsområdet Nu inleds det svenska EU-ordförandeskapet. Möjligheterna att som ordförandeland påverka olika beslutsprocesser ska inte överdrivas, men löftena i programförklaringen om att Sverige ska kämpa för fri konkurrens och konsumentskydd får för den skull inte glömmas bort. Dessa principer bör vara vägledande även inom betalningsområdet. I den svenska programförklaringen inför ordförandeskapet lyfts ”resiliens – konkurrenskraft” fram som en viktig prioritering. Med ”resiliens” avses den långsiktiga förmågan hos ett system att hantera förändringar och fortsätta utvecklas. ”EU måste fortsätta att…

Read the newsletter as PDF   EUROPEAN COMMISSION PUBLISHES 2023 WORK PROGRAMME On 18 October, the European Commission published its 2023 Work Programme listing upcoming legislation planned for next year. The programme includes several proposals concerning payments. Namely, the Commission confirmed the revision of the Second Payment Services Directive (PSD2) for the second quarter of 2023, which will be accompanied by a proposal on open finance aimed at improving data access in financial services.  The Commission will also propose legislation laying out the principles for the digital euro…