On 2 September 2018, the European Central Bank (ECB) published their opinion of 31 August 2018 on a proposal for a regulation on certain charges on cross-border payments in the Union and currency conversion charges (the Opinion).

In its general observations, the ECB is supportive of the proposed regulation, expressing that it improves transparency and consumer protection, and enhances the internal market for payment services in the Euro. The ECB’s specific observations note areas where clarifications or alterations are required, with specific drafting proposals attached to the Opinion in a technical working document.