The global pandemic has significantly affected our lives: it required quick adaptation to the new reality and changes in everyday habits. All over the world people refuse to be outdoors for a long time and try to avoid public places. We spend almost all our time at home, and many of us – residents of …
What is Agency Banking and How Does Agency Banking Works? Read More »
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The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) launched today a public consultation on draft regulatory technical standards (RTS) to help Member States determine when payment service providers and electronic money issuers should appoint a Central Contact Point (CCP) to support the fight against money laundering and terrorist …
The Financial Conduct Authority (FCA) has today confirmed that it believes that, overall, the package of proposals on payment protection insurance (PPI) complaints laid out in its November 2015 consultation should be taken forward. This package includes imposing a deadline for making new PPI complaints and launching a consumer communications campaign to raise awareness of …
FCA provides update on Payment Protection Insurance Read More »
The FCA today published PS16/20: Payment Accounts Regulations 2015 – feedback on CP16/7, final Handbook changes and finalised guidance. In this Policy Statement the FCA summarises the feedback it received to Consultation Paper 16/7: Payment Accounts Regulations 2015 – draft Handbook changes and draft guidance. The regulator also published the final Handbook changes and the finalised guidance. The Payment Accounts …
The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the requirements with which payment card schemes and processing entities must comply to ensure the independence of their accounting, organisation, and decision-making processes. These final draft RTS aim at facilitating greater competition among processing services providers, supporting the general objective …
The FCA today issued CP16/7: Payment Accounts Regulations 2015 – draft Handbook changes and draft guidance. Following the making of the Payment Accounts Regulations 2015 (PARs), the FCA is consulting on proposed changes to its Handbook. It is also proposing to issue guidance aimed at assisting payment service providers with the implementation of the PARs. The statement and …
FCA consults on handbook changes to Payment Accounts Regulations Read More »
The European Banking Authority (EBA) launched today a consultation on its draft technical standards on the separation of payment card schemes and processing entities under Article 7(6) of the Interchange Fee Regulation (IFR). The technical standards introduce specific requirements related to the independence of payment card schemes and processing entities. The consultation runs until 8 …
EBA consults on separation of payment card schemes and processing entities under the IFR Read More »
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