Page 98 - EBA 2015.1815 Annual report 2014 web 2

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E U R O P E A N B A N K I N G A U T H O R I T Y
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The EBA will also update some of the recently
issued regulatory products as regards disclo-
sures, especially asset encumbrance guide-
lines, to take into account the mandate given
by Article 443, and the leverage ratio standard,
to account for changes to be introduced in the
leverage ratio framework.
Payments
In 2015, the EBA will intensify its efforts with
regards to regulatory and supervisory conver-
gence in the area of payments.
In relation to payment services, at the time
of writing this report the negotiations of the
PSD2 were still ongoing, but the text suggests
that the revised text will confer mandates on
the EBA, including in the area of authorisa-
tion of Payment Service Providers (PSPs) and
registration of account information services;
transparency related to a register for regulat-
ed and exempted entities; improvement of co-
ordination of home/host supervision; security
requirements for electronic payments, and the
improvement of incident reporting throughout
the European Union.
The EBA will develop the security-related
mandates above in cooperation with the ECB.
The European Forum for the SecuRe Pay will
provide input into the development of these
mandates, to the benefit of both, the EBA’s
regulatory and supervisory remit over pay-
ment services across the entire EU and the
Eurosystem remit for the oversight of payment
systems and retail payment instruments.
With regards to payment card schemes, the
EBA will implement its mandate conferred by
the Interchange Fee Regulation and will de-
velop draft RTS establishing requirements to
ensure payment card schemes and process-
ing entities are independent in terms of ac-
counting, organisation and decision making.
The EBA will also continue with the implemen-
tation of the mandates conferred on it in the
PAD. The EBA will begin developing the draft
RTS on standardised terminology based on the
terminology used in the provisional lists of the
10 to 20 most representative services linked to
a payment account and subject to a fee. These
lists will be developed by competent authorities
based on the EBA Guidelines on national provi-
sional lists of the most representative services
linked to a payment account and subject to a
fee expected to be published in March 2015. In
addition, the EBA will commence work on the
draft ITS regarding a standardised presentation
format of the fee information document and
statement of fees and its common symbols,
including consumer testing of these two docu-
ments and their symbols.