The European Banking Authority (EBA) published today a preliminary assessment of the impact of COVID-19 on the EU banking sector. With the global economy facing unprecedented challenges, banks entered the health crisis with strong capital and liquidity buffers and managed the pressure on operational capacities activating their contingency plans. The crisis...

• The EBA is strongly committed to implementing the Investment Firms Regulation and Investment Firms Directive (IFR/IFD) where it plays a significant role;
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The European Banking Authority (EBA) published today an Opinion on obstacles to the provision of third party provider services (TPPs) under the Regulatory Technical Standards (RTS) on strong customer authentication (SCA) and common and secure communication (CSC). The Opinion aims to support the objectives of the revised Payment Services Directive (PSD2) of...

• The EBA’s Guidelines are vital to strengthening lending standards and asset quality in the future.
• The Guidelines bring together prudential standards and consumer protection obligations along with AML and ESG considerations.
• The EBA’s expectations for improved...