09 April 2019
EBA publish their final report on their guidelines on outsourcing arrangements
www.twobirds.com/en/news/articles/2019/global/eba-publish-their-final-report-on-their-guidelines-on-outsoucing-arrangements

On 25 February 2019, the European Banking Authority (EBA) published their final report on their guidelines on outsourcing arrangements.

25 March 2019
Launch of the EBA Register of Payment Institutions (PIs) and Electronic Money Institutions (EMIs) under PSD2
www.twobirds.com/en/news/articles/2019/global/launch-of-the-eba-register-of-payment-institutions-pis-and-electronic

On 18 March 2019, the European Banking Authority (EBA) launched its central electronic register under the Payments Services Directive (PSD2).

01 November 2018
Germany: Munich Regional Court to decide on surcharging when using PayPal
www.twobirds.com/en/news/articles/2018/germany/regional-court-munich-to-decide-on-surcharging-when-using-paypal

A private German association to combat unfair competition (so-called Wettbewerbszentrale) and Flixmobility (company behind long-distance bus service operator Flixbus) argue in front of Munich’s regional court about ...

07 May 2019
The EC puts an end to decades of competition law enforcement against interchange fees: What's next for interchange fees?
www.twobirds.com/en/news/articles/2019/global/ec-puts-an-end-to-decades-of-competition-law-enforcement-against-interchange-fees

We provide below a brief recap on the many-many years of competition law enforcement by the European Commission (EC) against interchange fees, a summary of the EC decision of 29 April 2019 related to Visa's and ...

24 July 2018
EBA publishes final Guidelines on fraud reporting under PSD2
www.twobirds.com/en/news/articles/2018/global/eba-publishes-final-guidelines-on-fraud-reporting-under-psd2

The European Banking Authority (EBA) has published the final Guidelines on fraud reporting under the revised Payment Services Directive (PSD2).

24 March 2021
Implications following the Wirecard case – and Greensill?
www.twobirds.com/en/news/articles/2021/germany/implications-following-the-wirecard-case-and-greensill

The draft bill of the Financial Market Integrity Strengthening Act (Finanzmarktintegritätsstärkungsgesetz – FISG) and the seven-points plan to reform Germany’s Federal Financial Supervisory Authority (Bundesanstalt für ...

16 August 2019
PSD2: Germany’s BaFin pulls emergency brakes on account interfaces. Fintechs stand to benefit, banks must step up their game.
www.twobirds.com/en/news/articles/2019/global/psd2-germanys-bafin-pulls-emergency-brakes-on-account-interfaces

Germany’s Federal Financial Supervisory Authority (BaFin) concludes in a circular that bank’s new account interfaces do not conform to PSD2 requirements. They may thus not switch off access through existing interfaces.

14 October 2020
Commission Digital Finance Package Strategies
www.twobirds.com/en/news/articles/2020/global/commission-digital-finance-package-strategies

On 24 September 2020, the European Commission unveiled its Digital Finance Package.

26 October 2020
Czech Bird & Bird transactional team has assisted KB SmartSolutions, s.r.o. with strategic investment into Lemonero s.r.o. , a new FinTech start-up
www.twobirds.com/en/news/press-releases/2020/czech-republic/bird-bird-transactional-team-has-assisted-kb-smartsolutions-with-strategic-investment-into-lemonero

Czech Bird & Bird transactional team has assisted KB SmartSolutions, s.r.o. with strategic investment into the FinTech company Lemonero s.r.o. through the acquisition of shares in its parent company MonkeyData s.r.o..

08 April 2019
EU: The interplay of PSD2 and GDPR - some select issues
www.twobirds.com/en/news/articles/2019/global/eu-the-interplay-of-psd2-and-gdpr-some-select-issues

It can be argued that the principle purposes of the General Data Protection Regulation (Regulation (EU) 2016/679) ('GDPR') and the Payment Services Directive (Directive (EU) 2015/2366) ('PSD2') are in contrast with one ...