Authority Concerned Over Regulatory Arbitrage From PSD2 Flexibility

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 arbitrage issues in Europe’s burgeoning fintech sector.

In a report published on Thursday assessing the regulatory approaches to fintech across the EU, the European Banking Authority (EBA) drew focus to the flexibility built into the licensing system for payments companies.

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.