Aug 02, 2024 A changing landscape: Bank of England’s approach to innovation in money and payments By Simon Treacy Against the backdrop of a rapidly evolving payments landscape, the Bank of England has launched a discussion paper on how it should...
Jul 30, 2024 The missing DORA technical standard on subcontracting is found By Harry Eddis Raza Naeem James Morris Olivia Murphy +1 more... Show less The European Supervisory Authorities (ESAs) have finalised their much-anticipated technical standard on subcontracting ICT services...
Jul 04, 2024 EU institutions explore AI in financial services By Simon Treacy As our mid-year legal outlook shows, the legal impact of AI adoption is not limited to the tech sector. Financial services firms are...
Jun 03, 2024 EBA puts virtual IBANs into regulatory spotlight By Olivia Murphy Andreas Van Impe Simon Treacy EU regulators need to get to grips with how payment firms use virtual IBANs. That's one of the conclusions from a European Banking...
Apr 30, 2024 Bank of England steers market infrastructure to “test the unlikely” before operational resilience deadline By Simon Treacy The Bank of England has warned financial market infrastructures that they still have considerable work to do before operational...
Mar 14, 2024 UK unveils measures to curb de-banking By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 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,...
Mar 12, 2024 UK plans to slow down payments where fraud is suspected By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 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...
Mar 04, 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...
Feb 26, 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...
Feb 09, 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...
Jan 26, 2024 Payments in 2024 #5 – All systems go: A significant year for payment systems By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 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...
Jan 25, 2024 Payments in 2024 #4 – Coin money: Fitting stablecoins into regulation By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 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...
Jan 24, 2024 Payments in 2024 #3 – Fighting back: A milestone year for tackling payment fraud By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 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...
Jan 23, 2024 Payments in 2024 #2 – Better safe than sorry: Payments firms face changes to safeguarding rules By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 more... Show less Last year the Financial Conduct Authority told payments firms that their “top priority” should be ensuring that their customers’ money is...
Jan 22, 2024 Payments in 2024 #1 – Breaking down the DORA: Why payments firms need to prioritise operational resilience By Harry Eddis Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +3 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...
Dec 20, 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...