Recent developments in the European Parliament related to open finance and financial data have brought the transition from open banking to open finance into sharp relief. This IIF Staff Note examines the evolution of PSD3, PSR and FIDA and offers insight into their impact on financial institutions.

This staff note on developments in the digital euro project reports on new rulebook workstreams, a technical note on holding limits, and exploration of technologies for wholesale central bank money settlement, including planned trials with financial market stakeholders in 2024.

The Institute of International Finance welcomes the opportunity to respond to the European Commission questionnaire on a potential euro-denominated central bank digital currency (CBDC). We commend the EC for taking this step forward in considering this momentous issue.

On July 15, the IIF submitted a high-level response to the European Commission’s public consultation on the development of a Renewed Sustainable Finance Strategy (RSFS). Drawing on engagements with the IIF Sustainable Finance Working Group, this response is focused on topics of international relevance.

The IIF provides high-level comments to the European Commission’s public consultation on the revision of the EU Non-Financial Reporting Directive (NFRD).

The IIF responded to the European Commission’s recent consultation on a roadmap for changes to the Union’s AML/CFT framework.