Many now focus on working out of the so-called open banking, whose promises are attractive. However, in addition to a possible open banking ambition, a full and optimal contribution of PSD2 in terms of levels of innovation, competitiveness, economic efficiency, level playing field and security, in the area of payments and payment accounts alone, requires additional policy work.
To this end, the session will first focus on taking stock of what has effectively been achieved including on the area of the structural evolutions triggered, compared with initial ambitions. The possible improvements of the current framework to fully deliver its original ambitions will also be discussed.
Points of discussion
- What were the main
of the PSD2 and what are the main evolutions it has achieved? What is the actual impact of the directive on the integration of the EU payment land scape? What are the main tools available which enabled these evolutions?
- What are the main progress avenues to improve the outcome of the directive and address additional challenges?
- What are the main priorities to be addressed on the occasion of the revision of the Payment services directive? What are the main evolutions to be envisaged to achieve fair access of all the players, and deliver cost efficient, secure and reliable payments in the area?