Diario Oficial de la Unión Europea del 22/3/2023 - Comunicaciones e Informaciones
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Source: Diario Oficial de la Unión Europea - Comunicaciones e Informaciones
C 106/2
EN
Official Journal of the European Union
22.3.2023
III
Preparatory acts
EUROPEAN CENTRAL BANK
OPINION OF THE EUROPEAN CENTRAL BANK
of 1 February 2023
on a proposal for a regulation amending Regulations EU No 260/2012 and EU 2021/1230 as regards instant credit transfers in euro CON/2023/4
2023/C 106/02
Introduction and legal basis On 16 and 24 November 2022 the European Central Bank ECB received requests from the Council of the European Union and the European Parliament, respectively, for an opinion on a proposal for a regulation of the European Parliament and of the Council amending Regulation EU No 260/2012 and Regulation EU 2021/1230 as regards instant credit transfers in euro 1 hereinafter the proposed regulation.
The ECBs competence to deliver an opinion is based on Articles 1274 and 2825 of the Treaty on the Functioning of the European Union since the proposed regulation contains provisions falling within the ECBs fields of competence pursuant to Article 1272 TFEU and Article 3.1 of the Statute of the European System of Central Banks and of the European Central Bank, in particular in connection with the basic task of the European System of Central Banks to promote the smooth operation of payment systems. In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central Bank, the Governing Council has adopted this opinion.
1.
General observations
1.1. The ECB strongly welcomes the initiative of the European Commission to promote the provision and uptake of instant payments IPs, defined as credit transfers that transfer funds to the payees payment account within ten seconds after the time of receipt of the payment order from the payer, in euro in the EU. This initiative ties in well with the Eurosystems retail payments strategy, 2 the main elements of which are: a the development of a pan-European solution for retail payments at the point of interaction; b the full deployment of IPs; c the improvement of crossborder payments beyond the EU; and d the support for innovation, digitalisation and a European payments ecosystem.
1.2. In order to promote the smooth operation of payment systems, it is essential to address fragmentation issues across the Single Euro Payments Area SEPA. Currently, the provision of IPs is not available in all SEPA jurisdictions on an equal footing. In this context, measures that further harmonise the provision of IPs across SEPA jurisdictions would increase consumer choice and foster innovation, safety and open strategic autonomy in European payments. In the same vein, measures that can promote efficiency across SEPA should also be supported, to the extent that compliance 1 COM2022 546 final.
2 See the Eurosystems retail payments strategy, available on the ECB website at www.ecb.europa.eu.
