1/24/2025 2:22:17 PM EBA guidance on acquiring payments transactions and whether electronic money institutions can apply negative interest By Olivia Murphy In our previous post we covered two new and important pieces of guidance from the European Banking Authority. In this post we cover two...
1/23/2025 10:32:24 AM EU shares key guidance on DORA By Raza Naeem James Morris Simon Treacy Can a financial service be an ICT service? This question often came up in the course of implementing the EU’s Digital Operational...
1/22/2025 3:00:35 PM The EBA's latest PSD2 guidance and its impact for payments firms By Olivia Murphy The European Banking Authority has released a new batch of Q&A responses covering a range of PSD2 topics. In this post we cover the...
1/17/2025 5:33:18 PM Payments in 2025 #5 – AI in payments By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less The payments industry has a strong track record of using AI to help spot and stop fraud. Now, as they explore other opportunities to...
1/16/2025 8:55:11 PM DORA deadline day arrives: Here are five things firms still need to do By Raza Naeem James Morris Simon Treacy Even as the EU’s Digital Operational Resilience Act comes into effect, more work remains to be done. After a two-year implementation...
1/16/2025 4:47:19 PM Payments in 2025 #4 – Future of retail payments By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less Policymakers in the EU and UK are, for now, allowing a diverse landscape of payment options to co-exist and compete. Instant payments The...
1/15/2025 4:25:23 PM Payments in 2025 #3 – Payment services By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less More regulatory change is on the horizon for payment services. The detail of key reforms to EU and UK payment services legislation will...
1/14/2025 12:22:39 PM Payments in 2025 #2 – Safeguarding By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less Later this year the Financial Conduct Authority will determine its approach to changing the safeguarding regime for payments firms....
1/13/2025 4:55:05 PM Payments in 2025 #1 – Operational resilience By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Fiona Garrahan +3 more... Show less Operational resilience rules will start to be enforced in the EU and UK this year. Payments firms can anticipate more scrutiny about...
12/18/2024 11:24:17 AM EU says good-quality DORA registers are within reach By Raza Naeem James Morris Frances Hodgkins Simon Treacy +1 more... Show less Earlier this year around 1,000 firms took part in a “dry-run” to test the process for reporting registers under the EU’s Digital...
12/12/2024 3:30:27 PM Financial Regulation Legal Outlook 2025 By Stephen Clipsham Our Financial Regulation Outlook 2025 report explores the key regulatory developments that we expect to see in the Banking, Asset...
12/12/2024 10:28:17 AM UK opens review of its administration regime for payment firms By Harry Eddis Richard Hay Frances Hodgkins Olivia Murphy Arjun Lakhani Sam Quicke +3 more... Show less HM Treasury has launched an independent review of PESAR, the Payment and Electronic Money Special Administration Regime. PESAR was...
12/5/2024 11:45:57 AM Design of EU open finance rules set to move to next stage By Raza Naeem Simon Treacy The EU plans to require financial services firms to open up the data they hold for customers. Last year the European Commission proposed...
12/2/2024 8:53:38 PM EU finalises DORA register rules By Raza Naeem Simon Treacy The European Commission has adopted implementing technical standards on the register of information under the EU’s Digital Operational...
11/19/2024 12:06:21 PM Bank of England drafts fundamental rules for financial market infrastructure By James Morris Simon Treacy In a consultation the Bank of England proposes requiring UK financial market infrastructure to meet 10 new Fundamental Rules. The rules...
11/19/2024 11:24:59 AM National Payments Vision: The Government sets out its ambitions for the UK payments sector By Olivia Murphy A year in the making, the UK Government has released its National Payments Vision. The NPV is intended to address the findings of the...