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Central Electronic System of Payment Information (CESOP) | CORE

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utf-8

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This article informs about the upcoming CESOP guidelines that will impact how banks and PSPs are required to report cross-border payment data to European authorities

abstract

CESOP, effective January 1, 2024, transforms EU financial regulations. It streamlines cross-border payment data exchange, impacting banks, PSPs and local authorities. Non-compliance leads to hefty fines in certain European countries, one of those being Germany. All involved parties face tight timelines to prepare for the implementation of the regulatory guidelines, considering the potential required effort the preparation of the data and technical integration. CESOP is only example amidst other impending regulatory changes. Therefore, proactive compliance and resource management are key to thriving in this evolving regulatory landscape. (558 characters)

keywords

CESOP, Bankwesen, Banken, Bankenregulierung, regulatorische Anforderungen, PSP-Regulierung, PSP, Mehrwertsteuer-Meldung, grenzüberschreitende Zahlungen, Meldeanforderungen, Zentrales elektronisches Zahlungsverkehrssystem, Zahlungsmeldungen, Zahlungsregulierung

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CORE

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Blog post

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https://core.se/en/blog/central-electronic-system-payment-information-cesop

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CESOP: upcoming reporting requirements for banks and PSPs in Europe

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This article informs about the upcoming CESOP guidelines that will impact how banks and PSPs are required to report cross-border payment data to European authorities

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This article informs about the upcoming CESOP guidelines that will impact how banks and PSPs are required to report cross-border payment data to European authorities

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CESOP: upcoming reporting requirements for banks and PSPs in Europe

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https://core.se/en/blog/central-electronic-system-payment-information-cesop

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