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EFA-Position-on-the-Settlement-Finality-Directive-Review.pdf
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🔗 Source: eufintechs.com
📊 Size: 164 KB
👤 Author: Malgosia Cvetinovic
⬇️ Downloads: 120

Summary

The European FinTech Association (EFA) supports the European Commission's review of the Settlement Finality Directive (SFD), which aims to create a level playing field for non-bank players in the European payment system. The EFA recommends that the Commission expand the definition of 'institution' to cover electronic money institutions and authorized payment institutions, allowing them direct access to payment infrastructure. This would foster innovation, reduce systemic risk, and increase competition in the market. The EFA also notes that direct access would help make instant payments the new norm and reduce fragmentation across the EU.

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The European FinTech Association (EFA) supports the European Commission's review of the Settlement Finality Directive (SFD), which aims to create a level...

Technical Information

  • File Format: PDF
  • File Size: 164 KB
  • Pages: 3
  • Language: EN
  • Author: Malgosia Cvetinovic
  • Total Downloads: 120
  • Last Updated: 3 months ago

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