12 August 2016

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EBA consults on strong customer authentication and secure communications under PSD2

The European Banking Authority (EBA) published today a Consultation Paper on draft technical standards on strong customer authentication and common and secure communication under the revised Payment Services Directive (PSD2). These technical standards will ensure appropriate levels of security, while at the same time maintaining fair competition between all payment service providers and allowing for …

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UK regulator reminds firms' of importance of diversity on management bodies

The PRA today published a letter it had sent to firms regarding the PRA rules on diversity within firms’ management body. This letter is a reminder of the important role that diversity plays in promoting good governance, and the obligations on firms in this area. There is a risk that group-think undermines good governance in firms, …

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