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Brief
On 23/07/2025, the European Banking Authority (EBA) issued an update regarding "The EBA publishes Report on direct provision of banking services from third countries". The report concludes that there is no evidence to recommend amending Article 21c of the Capital Requirement Directive (CRD), which governs core banking services in the EU. However, the EBA suggests clarifying interactions between this article and other sectorial legislations for authorities' and market participants' benefit.
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