EACT Comments on the Commission Proposal for Payment Services Directive II

The EACT has published a position paper on the Commission's proposal for a revised Payment Services Directive. The position focuses on the need to ensure that corporates' centralised payments operations remain out of scope of the Directive as the intra-group exemption is currently not applied coherently across Member States and the revision introduces some further uncertainty as to whether corporate in house banks or shared services centres could be regarded as falling within the scope of the Directive. We also argue that the changes proposed by the Commission to the unconditional refund right for direct debit transactions would be counterproductive and unfeasible to implement.

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EACT announces Tarek Tranberg as Head of Public Affairs & Policy

Tarek is an experienced public affairs expert, specialising in EU financial regulation and has previously advised financial and non-financial companies across the entire financial services value chain on their EU policy advocacy strategies at FleishmanHillard. Tarek has a profound understanding of the regulatory issues impacting treasury and of the strategic objectives of the EACT.

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EACT supports the European Commission’s proposal for a new Digital Finance Strategy for Europe

Read the EACT's response to the European Commission's new digital finance strategy for Europe / FinTech action plan.

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EACT supports the European Commission’s development of an EU Retail Payments Strategy

The EACT is grateful for the opportunity to respond to the consultation on the implementation of new retail payments strategy. Read our position here.

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EACT Newsletter - June 2020

Photo from EACT Newsletter - June 2020

The latest issue looks at the results of the EACT Survey, FX hedging in volatile markets, and shares the latest news from EACT and its member associations.

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EACT Newsletter - April 2020

Photo from EACT Newsletter - April 2020

The latest issue looks at how to plan liquidity requirements during Covid-19, defend against fraud and cyberattacks, and shares the latest news from EACT and its member associations.

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