EBA Report – Impediments to Cross-Border Banking and Payment Services

In 2016, only 7% of consumers used financial services from another Member State, according to the European Commission’s Consumer Financial Services Action Plan.  The EBA has recently published a report (the “Report”) (here) identifying, and suggesting ways to address, potential impediments that institutions, including new FinTech firms, may experience when seeking to provide cross-border banking and payment services.

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