In a note dated Friday 13 June, the experts of the EU Council’s Working Party on Financial Services and the Banking Union recommended that the Member States’ representatives to the EU (Coreper) approve the EU Council’s negotiating mandate for the ‘Payment Services’ legislative package. The latter, consisting of a directive (PSD3) and a regulation (PSR), aims to modernise the European regulatory framework for payment services and electronic money.
During a written consultation...