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Payments innovation: Bank of England signals more regulatory and infrastructure changes ahead

A speech by the Bank of England’s Deputy Governor for Financial Stability, Sarah Breeden, at the Innovate Finance Global Summit 2024, considered the implications of new technologies...

News

The Payments Newsletter including Digital Assets & Blockchain, April 2024

Key developments of interest over the last month include: the EU’s regulation on instant credit transfers in euro coming into force; the Bank for International Settlements (BIS)...

News

UK FCA finalises changes to create stronger framework to support borrowers in financial difficulty

The FCA has published its final rules and guidance aimed at strengthening protections for borrowers in financial difficulty, incorporating aspects of the Tailored Support Guidance (TSG)...

News

Payments: East to West

Our cross-border team recently recorded this discussion, looking at some of the most interesting developments in the payments space in Asia and the West. The session focuses on super apps...

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UK Consumer Duty: FCA gives more implementation feedback and some focus areas for closed books work

On 20 February 2024, the FCA published details of recent good practice in Consumer Duty implementation and highlighted areas for improvement. As well as this, the FCA also published the...

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UK: FCA Business Plan 2024/25: a quick guide to the FCA’s key priorities

On 19 March 2024, the FCA published its Business Plan for 2024/25 setting out its planned programme of work for the coming year. The FCA states that it remains resolute in supporting the...

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The Payments Newsletter including Digital Assets & Blockchain, March 2024

Key developments of interest over the last month include: the UK government publishing draft legislation on payment service contract termination rule changes; the Central Bank of Ireland...

News

UK “de-banking”: Government publishes draft legislation on changes to termination rules for PSPs

In July 2023, the UK government committed to changing the requirements on payment service providers (PSPs) when terminating payment service contracts. HM Treasury has now published draft...

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APP fraud: UK government publishes draft legislation allowing PSPs to delay payments for fraud concerns

In its 2023 Fraud Strategy, the UK government committed to looking at changes to allow payment service providers (PSPs) more time to investigate suspicious payments to help tackle...

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