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EU payment rules could be simplified, Germany says

By Helena Freitas ( February 19, 2025, 11:25 GMT | Insight) -- The EU’s payment rules could be simplified when it comes to reporting and notification obligations, Germany says. Obsolete provisions and duplicate requirements that don’t bring supervisory value and are too cumbersome for service providers must be deleted, it adds. Germany’s proposals to streamline rules will be discussed on Friday at a meeting with EU countries’ representatives dedicated to the revision of the EU payments rules.The EU’s payment rules could be simplified when it comes to reporting and notification obligations, Germany says. Obsolete provisions and duplicate requirements that don’t bring supervisory value and are too cumbersome for service providers must be deleted, it adds in a paper. ...

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