About this initiative

Topic
Banking and financial services
Type of act
Proposal for a regulation

Roadmap

Feedback: closed
Type

Inception impact assessment
More about roadmaps.

Feedback period
05 July 2017 - 02 August 2017
View feedback received >
Download (211 KB - PDF - 3 pages)

Feedback (10)

  • Austrian Federal Economic Chamber, Division Bank and Insurance (Austria)
    2 August 2017 Business association
    Austrian Federal Economic Chamber, Division Bank and Insurance (Austria)

    On behalf of the Division Bank and Insurance of the Austrian Federal Economic Chamber, the legal representation of the whole Austrian banking industry, I would like to submit the following comments: We are very critical of the proposal to regulate fees for cross-border payments in non-Euro-currencies. The transactions in foreign currencies concerned are not processed in the SEPA-system and therefore far more effort and costs are necessary to...

  • Anonymous (United Kingdom)
    2 August 2017 Company/business organisation
    Anonymous (United Kingdom)

    TransferWise supports any action that reduces the cost of non-domestic currency cross-border payments for consumers. Whilst there may be additional costs for these transactions compared to euro-to-euro transactions, we believe that often these costs are artificially inflated to increase financial institutions profits, and these charges are being hidden in order to mislead consumers in overly complex pricing display. Transparency New,...

  • European Association of Public Banks (Belgium)
    2 August 2017 Business association
    European Association of Public Banks (Belgium)

    The European Association of Public Banks (EAPB) gathers over 30 member organisations which include promotional banks such as national or regional public development banks and local funding agencies, public financial institutions, associations of public banks and banks with similar interests from 17 European Member States and countries, representing directly and indirectly the interests of over 90 financial institutions towards the EU and other...

All feedback (10) >

Commission adoption

Feedback: closed
Type

Proposal for a regulation
More about adopted acts

Adopted on
28 March 2018
Feedback period
28 March 2018 - 12 June 2018
View feedback received >
Download (391.5 KB - PDF - 15 pages)
Download (271 KB - PDF - 6 pages)
Download (216.8 KB - PDF - 4 pages)
Download (2.5 MB - PDF - 90 pages)

Feedback (161)

  • Anonymous (United Kingdom)
    12 June 2018 Company/business organisation
    Anonymous (United Kingdom)

    The EU has made important strides in increasing the levels of transparency required from Payment Services Providers (PSPs) - such as the information and conditions set out in the Payment Services Directive (PSD1) and the Revised Payment Services Directive (PSD2). These Directives began to stamp out bad practice in the cross-border payments industry, however, the conditions do not go far enough and still allow for PSPs to mislead consumers...

  • Bitkom - German Federal Association for IT, Telecommunications and New Media (Germany)
    12 June 2018 Business association
    Bitkom - German Federal Association for IT, Telecommunications and New Media (Germany)

    Please view the attached position paper for the detailed Bitkom position on the proposed review of the regulation on cross-border payments. About Bitkom: Bitkom represents more than 2,500 companies of the digital economy, including 1,700 direct members. Through IT- and communication services only, our members generate a domestic turnover of 190 billion Euros per year, including 50 billion Euros in exports. Members of Bitkom employ more than 2...

  • Deutsche Bank (Germany)
    12 June 2018 Company/business organisation
    Deutsche Bank (Germany)

    Deutsche Bank (DB) welcomes the opportunity to provide feedback on the European Commission’s proposal for a Regulation amending Regulation (EC) No 924/2009 as regards certain charges on cross-border payments in the Union and currency conversion charges. DB appreciates the work done by the EBA to support the creation of a single efficient market for consumers as described in the Retail Financial Services Action Plan and overall are supportive...

All feedback (161) >

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