ESMA, EBA, and EIOPA issue a joint warning to consumers about high risks of virtual currencies like Bitcoin, including extreme volatility, lack of regulatory protection, fraud, and potential total loss of investments, emphasizing unregulated status under EU law.
ESMA, EBA, and EIOPA warn consumers about high risks of virtual currencies like Bitcoin, including extreme volatility, lack of legal protection, and potential total loss of investments, highlighting unregulated platforms and misleading information under EU frameworks.
ESMA, EBA, and EIOPA warn consumers about high risks of virtual currencies like Bitcoin, including extreme volatility, lack of regulatory protection, price transparency issues, and operational disruptions, urging caution in investments.
ESMA, EBA, and EIOPA warn consumers about high risks of virtual currencies like Bitcoin, including extreme volatility, lack of EU regulatory protection, price transparency issues, and operational disruptions, urging caution in investments.
Joint warning by the European Supervisory Authorities (EBA, ESMA, EIOPA) alerting consumers to high risks of virtual currencies like Bitcoin, including extreme volatility, lack of regulatory protection, operational disruptions, and potential total loss of investments under EU law.
European Supervisory Authorities (ESMA, EBA, EIOPA) warn consumers about high risks of virtual currencies like Bitcoin, including extreme volatility, lack of regulatory protection, price manipulation, and operational disruptions, emphasizing no legal safeguards for investors under EU law.
ESMA, EBA, and EIOPA warn consumers about high risks of virtual currencies like Bitcoin and Ether, highlighting extreme volatility, lack of regulatory protection, price opacity, and operational disruptions, urging caution in investments.
The European Supervisory Authorities (ESMA, EBA, EIOPA) warn consumers about the high risks of virtual currencies like Bitcoin, including extreme volatility, lack of legal protection, fraud, and operational failures, urging caution in investments.
ESMA, EBA, and EIOPA warn consumers about high risks of virtual currencies like Bitcoin, including extreme volatility, lack of regulatory protection, and potential total loss of investments under EU law.
ESMA, EBA, and EIOPA warn consumers about high risks of virtual currencies like Bitcoin, including extreme volatility, lack of EU regulatory protection, price manipulation, and potential total loss of investments, urging caution in unregulated digital asset markets.
ESMA, EBA e EIOPA avvertono i consumatori sui rischi delle valute virtuali come Bitcoin, evidenziando volatilità estrema, assenza di regolamentazione UE, mancanza di protezione legale e rischi di perdite totali, invitando alla massima cautela negli investimenti.
The European Banking Authority (EBA) published today its first Report on financial education, covering the years 2017/18. The Report is based on a repository of more than 80 financial education initiatives carried out by the national authorities supervising banking products and services across the 28 EU Member States. The Report provides an opportunity for national authorities to share and compare experiences, and for other organisations and individuals interested in financial education to learn about, and possibly build on, the work carried out so far in this area and the lessons learned.
Joint ESAs Warning on Virtual Currencies
The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on Central Contact Points under the revised Payment Services Directive (PSD2). The RTS specify the criteria for determining when the appointment of a central contact point in a host Member State (MS) is appropriate and the functions that these contact points should fulfill. These RTS are in support of the objective of PSD2 of facilitating the supervision by competent authorities (CAs) of the networks of agents used by payment institutions (PIs) and electronic money institutions (EMIs) for providing cross-border payment services under the right of establishment.
The European Banking Authority (EBA) published today its final draft Technical Standards setting out the standardised terminology for services linked to a payment account, and the standardised formats and common symbol of the fee information document (FID) and the Statement of Fees (SoF). These Technical Standards contribute to enhancing comparability of fees, through standardised terminology and disclosure documents across the European Union.
Final Guidelines on complaint procedures under PSD2 (EBA-GL-2017-13)
The European Banking Authority (EBA) published today its final Guidelines on complaints procedures to be followed by competent authorities (CAs) to ensure and monitor effective compliance by payment service providers (PSPs) with the revised Payment Services Directive (PSD2). These Guidelines are part of the EBA’s work to support the core objectives of PSD2 of strengthening the integrated payments market across the European Union, ensuring a consistent, efficient and effective application of the legislative framework and promoting transparency.