Slow Adoption Of EU Reforms Hampers Spain’s Innovation Push

Spain's attempts to lure UK payments institutions concerned over the potential loss of passporting rights are being hampered by slow adoption of EU regulatory requirements in the country.

Free registration, personalised regulatory attention and an efficient approval process were all touted as enticements for British companies looking to relocate to Europe to continue offering services across the continent after Brexit.

However, Spain has fallen behind on transposition of major European directives, a situation experts acknowledge could cause uncertainty for businesses used to the UK’s historically quicker adoption processes.

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.