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On July 19, 2018, the Financial Conduct Authority (FCA) published its annual and accounts report for 2017/18, highlighting the main work undertaken by the authority throughout this period.The...
On July 18, 2018, the Credit Information Evaluation Department of the Financial Supervisory Service (FSS) announced the implementation framework for the local “My Data” pilot project for financial...
On July 20, 2018, the Payment Systems Regulator (PSR) published a protocol agreed upon, and to be implemented, by itself and the Financial Conduct Authority (FCA) in relation to the enforcement of...
The Financial Conduct Authority (FCA) has set out its expectations of both UK and EU financial firms to ensure Brexit is as frictionless as possible for the sector, particularly as the likelihood...
The question of how banks will be able to distinguish valid third-party providers from those lacking the correct permissions under new European payments rules is approaching resolution through the...
An anticipated surge in licensing requests from payment firms has yet to materialise in Ireland, despite the introduction of the revised Payment Services Directive (PSD2) and looming shadow of Brexit.
The General Data Protection Regulation (Regulation 2016/679), also known as GDPR, will significantly increase the responsibilities and obligations for payments businesses in how they collect and...
The revised Payment Services Directive (Directive (EU) 2015/2366), also known as PSD2, has brought a set of obligations for the European Commission, the European Banking Authority (EBA), EU member...
On February 6, 2018, the Department of Financial Policy at the Ministry of Finance published a draft law on the detection and prevention of money laundering and terrorism financing, incorporating...
The European Banking Authority (EBA) has published long-awaited final guidelines on fraud reporting by payment firms, unveiling numerous changes in response to industry concerns.
Banks will be responsible for assessing the validity of third-party service providers (TSPs) under Hong Kong’s incoming open banking regime, as the country’s regulator opts for bilateral agreements...
On July 16, 2018, the Qatar Central Bank (QCB), the Qatar Financial Markets Authority (QFMA) and the Qatar Financial Centre Regulatory Authority (QFCRA) issued comprehensive guidance in relation to...
On January 11, 2018, the Hong Kong Monetary Authority (HKMA) launched a consultation on the Open Application Programming Interfaces (API) framework, setting out the authority's approach to open...
With the top U.S. consumer protection regulator facing court challenges to its leadership structure, President Trump’s nomination of Brett Kavanaugh to the Supreme Court could spell major changes...
The chief of Australia’s consumer watchdog has stressed that open banking will not create a wild west for data access, amid growing public concern over misuse of personal information by businesses.
On June 15, 2018, the German Federal Financial Supervisory Authority (BaFin) released a study paper, which was prepared in cooperation with other stakeholders, on Big Data and Artificial...

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