EACB answer to the Consultation on the future EBA register under PSD2

The EACB welcomes the opportunity to contribute to this Public Consultation launched by the European Banking Authority (EBA) on the future EBA Register under the revised Payment Services Directive (PSD2). Nevertheless, we believe that many outstanding issues related to the usefulness and purpose of the Register remain open. One of the main shortfalls in the proposed design of the Register is that it will not function in real-time which clearly affects its reliability. A well-functioning interaction between Account Servicing Payments Service Providers and Third Party Providers requires a real-time, machine-readable Register containing a broader scope of information.

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