14 Mar, 2024 UK unveils measures to curb de-banking By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less New draft legislation shows how banks and other firms will have to give customers more info when ending payment contracts. The reforms,...
12 Mar, 2024 UK plans to slow down payments where fraud is suspected By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less Banks and other firms will be able to delay processing payments where there are grounds to suspect fraud, according to draft legislation...
04 Mar, 2024 FCA continues its focus on wind-down plans By Olivia Murphy As any payments firm who has applied (or is applying) for authorisation in the UK will know, a key aspect of an authorisation application...
26 Feb, 2024 ECJ confirms AG opinion on boundary between payment services and e-money issuance By Andreas Van Impe Simon Treacy A ruling from the European Court of Justice helps to draw a line between the regulated activities of providing payment services and...
09 Feb, 2024 FCA encourages boards to question what they do to tackle financial crime By Simon Treacy A key pillar of the FCA’s current three-year strategy is to reduce and prevent financial crime. In an update at the midpoint of executing...
26 Jan, 2024 Payments in 2024 #5 – All systems go: A significant year for payment systems By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less The UK government has promised to release a National Payments Vision. In his first speech of the year, the Managing Director of the...
25 Jan, 2024 Payments in 2024 #4 – Coin money: Fitting stablecoins into regulation By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less Whether they see stablecoins as a potential competitor or new product line, payments firms have a stake in how stablecoins and similar...
24 Jan, 2024 Payments in 2024 #3 – Fighting back: A milestone year for tackling payment fraud By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less Fraud is the most common crime in England and Wales. Not only are payment service providers on the front line when it comes to preventing...
23 Jan, 2024 Payments in 2024 #2 – Better safe than sorry: Payments firms face changes to safeguarding rules By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less Last year the Financial Conduct Authority told payments firms that their “top priority” should be ensuring that their customers’ money is...
22 Jan, 2024 Payments in 2024 #1 – Breaking down the DORA: Why payments firms need to prioritise operational resilience By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less 2024 is the year of DORA. With less than twelve months before the Digital Operational Resilience Act starts to apply, payments firms in...
20 Dec, 2023 The PSR's final decision on fighting APP scams has landed By Olivia Murphy The Payment Systems Regulator's policy statement on its new reimbursement requirement for victims of APP fraud has landed right before...
13 Dec, 2023 Financial Regulation Legal Outlook 2024 By Rakhee Pattani Our Financial Regulation Outlook 2024 explores the key regulatory developments that we expect to see in the Banking, Asset Management and...
23 Nov, 2023 Three ways in which the Future of Payments Report could change UK payments By Simon Treacy Saurabh Gupta In the summer the government commissioned an independent review of the UK payments industry. Now that the report has landed we pick out...
27 Oct, 2023 FCA reviews how payments firms stop money mules ahead of Government action plan By Simon Treacy Snapshot:FCA shares findings from review of payment account providers’ systems and controls against money mule activityFirms are...
23 Oct, 2023 EU case could draw a line between payment services and e-money issuance By Simon Treacy If a payment institution receives funds without a specific payment order and holds these funds for longer than the legal time limit, does...
11 Oct, 2023 Breaking open financial data in the EU By Simon Treacy A draft EU law suggests requiring financial firms to open up access to their customers’ data via new dashboardsFirms would have to join...