EBA publishes peer review on authorization under the Payment Services Directive

The European Banking Authority (EBA) published on 11th of January its peer review on the authorization of payment institutions and e-money institutions under the revised Payment Services Directive (PSD2). The review generally found increased transparency and consistency of the information required in the authorization process. However, it also identified significant divergences in competent authorities’ assessment and the degree of scrutiny of applications.
In this alert, you will read more about the purpose and highlights from the peer review on an authorization under PSD2, conclusions, and how Deloitte can help.