FiDA: is the EU prepared to move from Open Banking to Open Finance?
The EU has made significant progress to unleash the full potential of data in the financial sector. This includes the Payment Services Directive 2, establishing Open Banking, the 2020 Digital Finance Package, and the Financial Data Access and Payments Package, comprising an amendment to PSD2 (which would become PSD3), a Payment Services Regulation (PSR), as […]
Closing the gaping hole in the capital market for EU start-ups – the role of pension funds
Pension funds play a strategic role in our societies by providing protection and peace of mind to both consumers and businesses. As large long-term institutional investors, pension funds contribute significantly to the European economy’s growth and the development of capital markets. At the same time, young, small, fast-growing and innovative companies are key to Europe’s […]
Making instant and inclusive payments a reality in the EU
On 19 March 2024, the Regulation on Instant Payments was published in the Official Journal of the European Union. The generalisation of instant euro payments in the EU will lead to very relevant benefits in terms of liquidity management, market competition and convenience for users. Furthermore, it could possibly lead to an increase in public […]
Priorities of the next European Commission for credit
This ECRI Explainer explores credit policy initiatives that will be the main focus of European legislation in the 2024-29 institutional cycle. They examine Level 1 – pending files, Level 2 – implementation of files, as well as Level 3 – recommendations for future policy developments.
Priorities of the next European Commission for payments
This ECRI Explainer explores payments policy initiatives that will be the main focus of European legislation in the 2024-29 institutional cycle. They examine Level 1 – pending files, Level 2 – implementation of files, as well as Level 3 – recommendations for future policy developments.