European Banking Authority (EBA)

In the area of payment services the Commission works with the European Banking Authority. The EBA contributes to the regulatory work of the Commission by providing technical advice and drafting technical standards. It also publishes guidelines and recommendations to ensure the consistent and effective application of EU rules. 

Expert groups and comitology committee

In this area the Commission is also assisted by the Expert Group on Banking, Payments and Insurance (EGBPI), the Payment Systems Market Expert Group (PSMEG), and the Payments Committee.

The EGBPI is composed of experts appointed by the EU countries. It provides advice and expertise in the preparation of draft delegated acts to the Commission and its services, in the area of banking, payments and insurance.

The PSMEG helps the Commission prepare legislative acts or policy initiatives on payment issues, including fraud prevention.

The PC is composed of representatives of EU countries and observers from the European Economic Area (EEA). It helps the European Commission adopt implementing measures of the payment services directive, and other issues linked to payments.