Events listed in Payment Service Directive 2 (PSD2)
Progress on financial services legislative files
ID 25716
The Economic and Financial Affairs Council ( ECOFIN) has published a revised version of its document containing „information from the Presidency concerning the state of play of legislative proposals in the field of financial services“ of 9 November 2023. It distinguishes different colour-coded stages of each file. Only one amendment has been made as compared to the previous version: 1. Due to the provisional ...
Thematic review on the use of Artificial Intelligence in the Luxembourg Financial ...
ID 23096
The Thematic Review on the Use of Artificial Intelligence in the Luxembourg Financial Sector report summarizes the findings of a joint survey conducted by the BCL and the CSSF between October 2021 and January 2022. The survey aimed to understand the level of adoption of innovative technologies, particularly AI and ML in the Luxembourg financial sector. The survey was sent to all credit institutions, ...
Instant payments: our advocacy efforts with the EU institutions
ID 22738
Last year, the EC has proposed a regulation to make instant payments available throughout the EU. This proposal requires all PSPs to establish systems that allow their customers to send and receive instant payments. While this enhances payment efficiency, the proposal may impose excessive burdens on smaller organizations and raise money laundering risks. The ABBL has therefore urged changes to the implementation timetable, particularly ...