The European Central Bank is to create a Euro Retail Payments Board to replace the Single Euro Payments Area Council and “help foster the development of an integrated, innovative and competitive market for retail payments in euro in the European Union”.
A draft set of 14 recommendations to promote the security of mobile payments has been published by the European Central Bank for public consultation.
The European Central Bank says that the speed of adopion of direct debits in line with the Single Euro Payments Area standards is “unacceptable” and urged regulators and payment service providers to make greater efforts to push the instrument or risk damaging the reputation of the scheme.
The European Central Bank has signed a deal together with the central banks of 18 countries to adopt Thomson Reuters’ Eikon desktop for trading and market data.
Despite delays and arguments over migration, the European Central Bank’s T2S project to improve Europe’s post-trade infrastructure is now back on track, according to senior industry participants.
