ΠΕΡΙΓΡΑΦΗ

This course offers a practical and comprehensive exploration of fraud reporting requirements under the Revised Payment Services Directive (PSD2). Participants will gain a clear understanding of the European Banking Authority’s (EBA) guidelines, the obligations of Payment Service Providers (PSPs), and the role of national authorities in fraud oversight. Through real-world case studies, attendees will learn how to report fraud data accurately, avoid common pitfalls, and ensure compliance with regulatory expectations. The course equips professionals with the tools and insights needed to navigate the complexities of PSD2 fraud reporting and strengthen fraud prevention strategies within their organisations.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the programme, participants will:

• Understand the core principles of PSD2 and the importance of fraud reporting in the EU regulatory landscape.
• Interpret and apply the EBA’s seven guidelines on fraud data reporting for Payment Service Providers (PSPs).
• Identify key data elements, reporting formats, and timelines required for effective compliance.
• Analyse the role of national competent authorities and their coordination with the EBA.
• Apply best practices through real-life case studies to enhance accuracy, timeliness, and efficiency in fraud reporting.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

• Payment Service Providers (PSPs)
• Electronic Money Institutions (EMIs)
• Fintech companies & digital payment platforms
• Retail & commercial banks
• Compliance officers
• Risk and fraud prevention teams
• Internal auditors
• Regulatory reporting teams
• Regtech consultants
• Legal and regulatory affairs professionals
• Supervisory authority liaisons

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline 

Setting the Stage: Understanding PSD2 and the Role of Fraud Reporting

• PSD2 at a Glance: A concise history, key objectives, and its transformative effect on the payments ecosystem.
• Why Fraud Reporting Matters: The crucial role of fraud reporting in protecting consumers, enhancing transparency, and maintaining trust in the financial system.

The EBA Guidelines: Purpose, Scope, and Regulatory Relevance

• Who is the EBA?: Introduction to the European Banking Authority and its role in the governance and enforcement of PSD2 provisions.
• Guidelines Coverage: Identifying the types of Payment Service Providers (PSPs) affected and understanding the reach of the guidelines.
• Why These Guidelines Matter: How standardised reporting enhances fraud prevention efforts across the EU through regulatory harmonisation.

A Deep Dive into the Seven EBA Guidelines for PSPs

• Guideline 1 – Reportable Data: What data must be collected and reported by PSPs.
• Guideline 2 – Reporting Timelines: When and how frequently fraud data must be submitted.
• Guideline 3 – Submission Channels: Approved communication and reporting platforms.
• Guideline 4 – Data Reliability: Maintaining the accuracy, quality, and credibility of reported information.
• Guideline 5 – Data Consolidation: How to aggregate fraud data prior to submission.
• Guideline 6 – Reporting Standards: Required templates and formats for consistent and comparable reporting.
• Guideline 7 – Data Confidentiality and Protection: Ensuring compliance with GDPR and safeguarding sensitive information.

Core Reporting Obligations Under PSD2

• Fraud Types in Scope: Detailed categories of fraud incidents that must be disclosed.
• Key Reporting Elements: Transaction-level metrics such as type, value, and geographical information.
• Timeliness & Accuracy in Practice: Why precision and timely reporting are critical for compliance.
• Meeting Regulatory Expectations: Aligning internal practices with legal and supervisory obligations.

National Authorities & Their Oversight Responsibilities

• Understanding the Role of Competent Authorities: How national regulators monitor and enforce fraud reporting.
• How Authorities Handle the Data: Tools and methods used for collecting, processing, and analysing submissions.
• Data Transmission to the EBA: How information flows from national authorities to European bodies.
• Cross-border Collaboration: Mechanisms for information sharing and coordination between EU member states.

Practical Insights: Case Studies and Real-World Examples

• Case Study 1 – National-Level Reporting in Practice: A walk-through of how fraud is reported within a single jurisdiction.
• Case Study 2 – Navigating Cross-Border Reporting Complexities: Best practices and challenges in multi-jurisdictional incidents.
• Avoiding Common Pitfalls: Lessons learned from regulatory findings and industry errors.
• Best Practice Recommendations: What successful PSPs do to stay ahead of compliance.

Wrapping Up: Key Takeaways and Strategic Recommendations

• Summary of Core Concepts: Recap of major points covered in the course.
• Practical Steps for Compliance: Actionable guidance for embedding effective fraud reporting practices.
• Looking Ahead: Future trends in fraud detection, data sharing, and PSD2 evolution.

Training Style 

The training is interactive and practical, combining expert-led presentations with real-life case studies, group discussions, and Q&A sessions. It emphasises hands-on learning, encouraging participants to apply concepts through examples and guided exercises, ensuring they gain both theoretical understanding and practical skills in PSD2 fraud reporting compliance. 

CPD Recognition 

This programme may be approved for up to 3.5 CPD units in Banking & Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.