European authorities may have to take a more flexible approach to third-party account access from September, an MEP has told PaymentsCompliance, amid lingering concerns that banks’ unreadiness...
This guide takes a look at the circumstances in which certain payment service providers can be exempted from establishing contingency measures under Article 33(6) of the regulatory technical...
The 4th Anti-Money Laundering Directive (Directive (EU) 2015/849), also known as the 4th AMLD, has brought in a set of obligations for the European Commission, European supervisory authorities ...
The EU’s top payments regulator has expressed concerns that national authorities place different conditions on firms seeking authorisation, and may issue new guidelines to avoid regulatory...
The UK’s Financial Conduct Authority (FCA) has admitted its register of regulated firms contains “data quality issues” and will invest £5m in improvements, after outrage that legitimate businesses...
Mastercard has joined retail groups across Europe in calling for a harmonised approach to the introduction of strong authentication, as authorities piece together strategies for phasing in the new...
A coalition of European authorities has urged lawmakers to look at harmonising EU supervision across the financial services sector, warning that existing fragmentation can result in regulatory...
On July 9, 2019, the joint committee of the European supervisory authorities (ESAs) — the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European...
The European Banking Authority (EBA) has issued a warning over potential bottlenecks in Brussels’ drive for innovation in payments, highlighting the gatekeeper role that traditional banks and card...
Denmark’s regulator has acknowledged concerns from the European Banking Authority about industry readiness for forthcoming strong authentication reforms, tentatively opening its doors to firms...
The European Banking Authority has provided welcome clarity on how to interpret incoming strong authentication rules, but still faces questions over how some aspects will work in practice —...
The UK’s Financial Conduct Authority (FCA) has become the first national regulator to formally acknowledge EU plans for extending the implementation period for new strong authentication rules,...
Firms in Malta continue to under-report suspect transactions, the country’s financial investigators have said, despite a doubling in the number of suspicious transaction reports received over the...
Payments firms have called on European-level authorities to learn lessons from the struggles around national-level open banking initiatives as they look to expand the regime into a pan-European...
European regulators have handed a major lifeline to card firms and retailers by giving them more time to comply with incoming security reforms, but experts say more work will be needed at national...
The European Banking Authority has agreed to give payment providers more time to prepare for September’s controversial strong authentication reforms, after pleas for flexibility from across the...

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