Euro Banking Association
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Cryptotechnologies in international payments: Information Paper
The EBA analysis explores the opportunities that distributed ledger technology holds for payment service providers in terms of lowering operating costs, modernising the international payments value chain and maintaining compliance with key regulatory requirements in markets around the world. The paper further covers specific use cases, such as distributed KYC registries and low-value P2P/B2C payments. The EBAâs Cryptotechnologies Working Group will continue to work on the topic of international payments: an evaluation of implementation scenarios in international payments and the exploration of security issues in the use of cryptotechnologies are next on the agenda of the group.
Cryptotechnologies,a major IT innovation and catalyst for change: 4 categories,4 applications and 4 scenarios – An exploration for transaction banking and payments professionals
The paper presents an analysis of cryptotechnologies in four relevant application categories. These categories are: 1. currencies, 2. asset registries, 3. application stacks and 4. asset-centric technologies.
Opinion Paper on Next Generation Alternative Retail Payments: Infrastructure Requirements: EBA Working Group on Electronic Alternative Payments
In early 2014, the EBA e-AP Working Group published an opinion paper on the user requirements for next generation alternative retail payments. As a next step, the working group has published an opinion paper which aims to facilitate a discussion on the impact of these requirements on retail infrastructures. It focuses on the relation between the interbank infrastructure enabling e-APs and the services that e-APs consist of. After defining and scoping the current role of infrastructures, this paper sets out three possible directions for future developments and suggests an approach to EBA members.
EBA Opinion on âvirtual currenciesâ
The European Banking Authority (EBA) published an Opinion addressed to the EU Council, European Commission and European Parliament setting out the requirements that would be needed to regulate âvirtual currencies'. The report continues by identifying the main risks arising from VCs, separated into risks arising to individuals, to other market participants, to financial integrity, to existing payment systems in conventional FCs, and to regulatory authorities. Each of the 70 risks identified is tentatively prioritised based on indicative judgements of the probability of their materialisation and the impact of this materialisation. The causal divers are also identified for each risk, as these will indicate the regulatory measures that would be required to mitigate the risk drivers.
