Monica Monaco

Founder & Managing Director, Trust EU Affairs at ACI Worldwide

Based in Brussels for the past 18 years, Monica is the founder and managing director of TrustEuAffairs. She is a member of the Society of European Affairs Professionals (SEAP) since 2004, and served as a member of the SEAP Board from 2012 to 2015. Monica is a member of the Europol Virtual Currencies Taskforce and also a member of the European Commission Payment Systems Market Expert Group (PSMEG). Monica has been Senior Manager for EU Regulatory Affairs in the Legal Department of Visa Europe for more than ten years, responsible for relations with the European Commission, Parliament and Council, as well as with various national regulators. Before joining Visa Europe she worked as a consultant for both Andersen, Deloitte & Touche and the OECD in Paris, as well as the Council of Europe in Strasbourg, dealing with a variety of financial services matters. Monica can be reached at: [email protected]

Articles by Monica Monaco

Banking

ACI Webinar About the EU Instant Payments Legislation – Redrawing the Payments Landscape

On the 29th of November 2022, ACI organized a webinar to discuss the European Commission’s  proposal for a Regulation on Instant Payments (IPs Regulation).

Banking

The European Commission’s Instant Payments Regulation: what is going to change in Instant Payments?

On the 26th of October 2022, the European Commission published the proposal for a Regulation on Instant Payments (IPs).

Banking

What is the Digital Operational Resilience Act (DORA)? Final Council of the European Union Compromise Texts of the DORA Directive and the DORA Regulation

On 23 June 2022, the Council of the European Union published the consolidated version of the DORA Directive.

Banking

What Would the EBA Want PSD3 to Look Like? The European Banking Authority Opinion on its Technical Advice on the Review of PSD2

As outlined in last month’s blog, on 10 May the European Commission (EC) published a public consultation and two targeted consultations that cover the PSD2 review and a future Open Finance Legal Framework for Europe.

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What is PSD3 Likely to be About? The European Commission’s Public and Targeted Consultations on the Review of Directive 2015/2366/EU (PSD2)

On 10 May 2022, the European Commission (EC) published a public consultation and two targeted consultations, which cover the PSD2 review and a future Open Finance Legal Framework for Europe. The two targeted consultations close on the 5 of July, the non-targeted consultation closes on the 2 August.

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Banking

How to Unlock the Potential for Instant Payments?

On May 5, I attended the CEPS ECRI event on “How to unlock the potential for instant payments?” which covered the European Commission plans to create an integrated retail payment system for Europe.

Prime Time for Real-Time

Global Payment Trends
As the world adopts real-time payments, how does your market stand to benefit?

Digital Euro

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A Digital Euro for the EU? The European Commission’s Call for an Impact Assessment

On April 5, 2022, the European Commission (EC) published a call for evidence for an impact assessment on a digital euro for the EU.

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The EBA Discussion Paper: What Can We Learn About the Review of the PSD2 Content?

Preliminary Observations on Selected Payment Fraud Data Under PSD2 On January 17, 2022, the European Banking Authority (EBA) published a Discussion Paper on its preliminary observations on selected payment fraud data under the PSD2.

Banking

How is the World of Payments Changing and How Can EU Rules and Regulations Respond to These Changes? Insights from Commissioner McGuinness’ Speech

On the 16th of November 2021, Ms. Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union, gave a speech in Brussels covering the changes taking place in the world of payments, how these might develop and how EU rules and regulations could respond to such changes.

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Banking

Time for Review: What Is Next in the EU Retail Payment Services Legislation?

On October 27, I attended the CEPS ECRI event on “Time for review: EU retail payment services legislation,” which covered the achievements of Directive 2015/2366/EU (PSD2) and the next European policy steps in this regard. The panel was composed of Ms.

real-time motion traffic choice cross roads

Banking

Instant Payments: What Developments Would the European Commission Like to See?

On September 2, the European Commission (EC) published a document concerning the current and foreseeable benefits of instant payments. The EC document explains that instant payments can be used for transfers between individuals Person-to-Person (P2P) or Consumer-to-Consumer (C2C), and between individuals and businesses (B2C and C2B).

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Banking

The European Commission’s Anti-Money Laundering and Countering Terrorist Financing Legislative Package: A Move Towards a More Effective Enforcement of EU AML/CTF Rules?

On 20 July 2021, the European Commission published an anti-money laundering and countering terrorist financing (AML/CTF) legislative package.