On August 20, 2019, the Financial Conduct Authority (FCA) published a "Dear CEO Letter" on requirements for strong customer authentication (SCA) in card-not-present e-commerce transactions. ...
Industry groups say the decision by UK regulators to delay enforcement of strong authentication reforms will help steer firms away from a “cliff edge” next month, despite the decision not to give...
The UK’s Financial Conduct Authority (FCA) has formally agreed to grant payment providers an additional 18 months to comply with new strong authentication rules.
In its final plea for leniency on September’s strong authentication reforms, industry group UK Finance has requested an 18-month transition period — with a six-month carve out for issuers...
The UK’s Financial Conduct Authority (FCA) has decided to give banks and third-party providers an additional six months to meet incoming requirements on account access, after concerns that a lack...
E-money firm ipagoo has collapsed after being ordered by UK regulators to stop providing payment services, with customers facing an anxious wait to find out whether they can recover funds.
On August 2, 2019, the Treasury Select Committee released the 35th report of session 2017-19 titled “The work of the Financial Conduct Authority: the perimeter of regulation”, which contains...
UK lawmakers have called for greater powers to be granted to the country’s Financial Conduct Authority (FCA) as the rapid rate of technological change stretches the boundaries of what it can do.
The Financial Conduct Authority (FCA) has issued a policy statement on crypto-assets, responding to industry confusion in the UK over the fine line between unregulated cryptocurrencies and...
On January 23, 2019, the Financial Conduct Authority (FCA) launched a ten-week consultation seeking feedback on its proposed crypto-assets guidance. The consultation paper comes as a response to...
The Payment Systems Regulator has unveiled a sprucing up of its approach to enforcement, boosting inducements for firms to settle and bringing its approach in line with other financial regulators.
Concerns remain about consumer consent for financial services firms to use artificial intelligence (AI), and how they can seek redress for complaints about the technology, even as interest in the...
On July 23, 2019, the Financial Conduct Authority (FCA) released a draft guidance paper on the fair treatment of vulnerable customers, aiming to provide clarity on its expectations regarding the...
The UK’s payment system operator, Pay.UK, is preparing for a more central role in fighting economic crime, but even after the government’s new plan revived commitments for its future operations...
The independent complaints commissioner for the UK’s financial regulators has excoriated the Financial Conduct Authority (FCA) for myriad failings in handling complaints from regulated businesses...
The UK government has announced that it is considering the approach to financial regulation at the macro level in the country, calling for views on the roles of the various regulators as it...

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