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The Single Euro Payments Area, the Payments Services Directive, the Eurosystem, TARGET2, STEP2, the Euro and related matters.
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Laura Francis Head of Brand and Marketing at Form3
What do a Fintech, a Tier1 bank and a non-bank PSP have in common? The committment and drive to make payments faster, easier and more cost effective for the global financial community. This includes non-banks. The possibility of collaboration between these parties was once thought impossible but today, by utilising close partnerships with Tier 1 b...
05 May 2020 /payments
Joris Lochy Product Manager at Intix | Co-founder at Capilever
A bit more than 3 months ago, I submitted the blog "PSD2 - 10 questions I would like to see a clear answer on" (https://www.linkedin.com/pulse/psd2-10-questions-i-would-like-see-clear-answer-joris-lochy/), raising 10 questions around PSD2, on which I was searching an answer on. Via different channels, I got requests of many people, that ...
16 January 2020 /payments
Bernd Richter SVP - FIS Impact Ventures at FIS
Yet another run on mobile payments in Europe - or really the next chapter to build a realistic and successful counterbalance to Apple, Google, Samsung, Visa, Mastercard and alike? An newly created alliance of European payment providers wants to create a pan-European standard for smartphone payments as an alternative that does not require Apple, G...
03 September 2019 /payments
Bob Lyddon Consultant at Lyddon Consulting Services
The Daily Express issued a “shock horror” story on 30th December that the EU was in financial meltdown over the loss of the UK’s budget contributions. This seems overstated. They have no need to worry for a little while if they get their €40 billion “divorce settlement” – which will be used to cover normal expenditure and not the items that it was ...
17 January 2019 /payments
The Bank of England recently issued its Financial Stability Report and Stress Test results - November 2018. In it the Bank warned that 2 “further deterioration in Italy’s financial outlook could result in material spillovers to the euro area and the UK”. In its more detailed comments the Bank noted that Italian Non-performing loans (NPLs) account f...
03 December 2018 /regulation /wholesale
The Eurozone banking system will have to gear itself up this autumn to take over the supply of credit from the Eurosystem, as the Eurosystem’s version of QE - called Asset Purchase Programmes – is wound down. The winding-down is in stages. There will be no new purchases to start with, and then the proceeds of maturing bonds will no longer be re-inv...
09 October 2018 /payments /wholesale
There was an lol for me today, thanks to an article in the Cyprus Business Mail announcing that Non-performing loans (“NPLs”) in the Cypriot banking system had fallen in March 2018 by almost €2.1bn to €19.9bn compared to February’s figure, and that this was the lowest figure for NPLs since December 2014, according to figures issued by the Central ...
13 July 2018 /wholesale
We have issued another call to Wolfsberg Group, this time to make major changes to the section in their Payment Transparency Standards 2017 on “On behalf of” payments, and the related Virtual Accounts over which such payments (and receipts) are passed. This subject is on the agenda on Day 1 of EBADay in Munich. Our analysis is based on a case study...
05 June 2018 /payments
The EU has unveiled the awaited plan to create Sovereign Bond-Backed Securities or SBBS in Euro, supposedly “to encourage banks and investors to diversify their holdings of euro zone bonds”. The plan is “meant to address a weakness in the currency bloc that came to light in the 2010-2012 euro zone debt crisis, when banks’ high exposure to their sov...
24 May 2018 /wholesale
We have been analysing, for the thinktank the Bruges Group, the extreme difficulties in which the Eurozone finds itself, after years of economic stimulus totalling over 3% of GDP per annum and the build-up of both the ECB's Asset Purchase Programmes and the loans within the TARGET2 system. These imbalances are insoluble, and there is a big bullet ...
22 May 2018 /wholesale
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