BIIA Regulatory Newsletter February 2019 (30th Edition)

Welcome to the thirtieth monthly newsletter designed to keep BIIA members informed of the significant developments on the policy dossiers being worked on in Europe and in other geographical territories.

To download the document please click on this link: BIIA Monthly EU Regulatory Newletter 280219 (002)

SUMMARY

In this month’s newsletter, we cover a number of interesting items on data privacy, including an update from the European Commission on GDPR and several updates from the European Data Protection Board (EDPB), the independent body responsible for data privacy, including Brexit, Codes of Conduct and how the 2nd Payments Services Directive (PSD2) interplays with GDPR . It is interesting to note from the update provided by the European Commission that there are five member countries who are still to formally adopt the new regulation.

We also cover in this edition a number of activities by Financial Services regulators, such as the European Banking Authority’s Consumer Trends Report, which discusses creditworthiness and the role of credit registers, and the Financial Stability Board’s work on SME Financing and fintech and bigtech. On other subjects, we report on the EU’s effort to support the development and uptake of Artificial Intelligence and their efforts to ensure free flow of non-personal data.

All in all another busy month in Brussels and elsewhere in Europe.

In this newsletter you will find:

  • BIIA REGULATORY AFFAIRS FORUM
  • GDPR in numbers
  • Antitrust authority wades into data protection rules
  • Insurance against GDPR fines?
  • Updates on the European Data Protection Board (EDPB)
  • PSD2 and GDPR interplay
  • Pay Later: A new model for retail payments?
  • Review of the Mortgage Credit Directive
  • Credit servicers, credit purchasers and the recovery of collateral
  • EBA on credit registers
  • FSB on SME financing
  • FSB on fintech… and bigtech
  • Free flow of data
  • Launch of AI4EU project
  • US Senate Banking Committee Agenda to target reforms of credit bureaus

Copyright © BIIA 2019 – For Member Internal Use Only – To Request Permission to Publish Contact: Neil Munroe at neilm@crsinsights.com