UK Regulator’s Safeguarding Guidance Leaves Loophole Open
Payment services firms in the UK may be breaching rules on the safeguarding of client …
News In Brief - June 1-June 5
Australia’s faster payments scheme has proposed a consolidation to create a giant bank-owned payments system.
EBA To Study De-Risking By Banks
The European Banking Authority (EBA) will soon ask for industry views on de-risking by banks, …
Hong Kong: Guidance for Authorised Institutions on Risk Management of E-Banking Activities
On October 24, 2019, the Hong Kong Monetary Authority published version three of its Supervisory Policy …
UK's Dream Brexit Deal Would Be Boon For Payment Providers
The UK’s proposal for a trade deal with the EU would allow payment firms to …
Lithuania Chides Banks Over Payment Firm De-Risking
The Bank of Lithuania has put the country’s credit institutions on notice over their de-risking …
Sri Lanka: Developing an Open Banking Framework
On March 2, 2020, the Central Bank of Sri Lanka (CBSL) launched a consultation on …
PayPal Files For Summary Judgment Against U.S. Prepaid Rule
Just over a year after the U.S. Consumer Financial Protection Bureau’s wide-ranging prepaid account rule …
UK Regulator Bolsters Safeguarding Rules
The Financial Conduct Authority has unveiled new instructions for how payment services firms should safeguard …