EFA Position on the Proposal for a Regulation on a framework for Financial Data Access
The European Fintech Association (EFA) warmly welcomes the opportunity to share its position on the Proposal for a Regulation on a Framework for Financial Data Access (FIDA). The EFA represents a diverse group of 35+ FinTech providers ranging from payments, to lending, banking, robo-advice, investment as well as software-as-a-service for the finance sector, with a clear focus on enabling a single market for digital financial services. EFA believes that, if done right, FIDA has the potential to be a catalyst for further competition in the financial services market to the benefit of the European consumer.
Position Paper on the Revised Payment Services Directive & Regulation
The European Fintech Association welcomes recent initiatives of the EU to encourage sustainability in financial services. We believe fintech, especially the cryptoasset sector, can play an important role in driving sustainable innovation. With the right approach, the EU can empower the cryptoasset industry to drive positive change, foster sustainable practices, and contribute significantly to the green transition.
EFA Position on the Digital Euro Proposals
The European FinTech Association (EFA) welcomes the Commission’s proposal on the Regulation to establish the digital euro. The EFA supports an open and competitive payment landscape. If correctly designed, the digital euro could generate new competitive value chains with potential benefits to consumers and businesses.
EFA Statement on the Provisional Agreement on the Instant Payments Regulation
The European Fintech Association (EFA) welcomes the provisional agreement reached by the European Parliament and the Council of the EU on 7 November 2023. The Instant Payments Regulation (IPR) is a major step forward in enabling consumers and merchants across Europe and globally to benefit from the wide range of benefits that instant payments offer. […]
EFA position paper on AMLR
This document enumerates the treatment of various issues of interest to EFA within the AMLR by the
Commission, Parliament, and Council texts, and presents EFA’s views on each. It includes brief
explanations of each position.
EFA- ETPPA joint proposition paper on the AMLR
This document presents the European Fintech Association (EFA) and European Third-Party Providers
Association (ETPPA) comments regarding the inclusion of PISPs on the AMLR scope.
EFA position paper to the AMLD
You can find the PDF version of the position paper here.
EFA response to the EBA Consultation on revised Guidelines AML risk factors
You can find the PDF version of the full position paper here The European Fintech Association (EFA) welcomes the EBA’s proposal on amendments to its Guidelineson money laundering and terrorist financing (ML/TF) risk factors to include CASPs. The EFA fully supports a harmonized ML/TF Regime containing clear rules aimed at improving thedetection of suspicious transactions […]
EFA Position Paper on the Retail Investment Strategy
EFA shares the belief
that retail investors must be empowered to make more informed investment decisions that better
correspond to their needs and objectives and that retail investors must be adequately protected in the
single market. Below we share key areas of the RIS the EFA believes can be improved upon to achieve the
European Commission’s stated goal
Joint industry letter on amending the Settlement Finality Directive alongside the Instant Payments Regulation to boost the uptake of instant payments and ensure a level playing field for all
Joint industry letter on amending the Settlement Finality Directive