The Financial Conduct Authority (FCA) has sided with the Treasury Committee on a row over its regulatory perimeter, after the government rejected proposals to give the authority more power over...
The UK could depart from the EU in just two weeks after Prime Minister Boris Johnson agreed a revised withdrawal agreement with his counterparts in Brussels, although it is far from certain...
Germany’s payments regulator has endorsed a new collaborative effort by the country’s banks and fintechs to cooperate on the rollout of the third-party account access regime mandated by the revised...
On October 15, 2019, the Australian Transaction Reports and Analysis Centre (AUSTRAC) released proposed amendments to Chapter 11 of the AML/CTF Rules for public consultation. ...
Regulators in Malta have told banks to ensure third-party providers operating under the revised Payment Services Directive (PSD2) cannot access data beyond what is necessary to carry out the...
Australian payments and customer authentication provider iSignthis is under the microscope of the country’s stock exchange over its business with the cryptocurrency, foreign exchange and binary...
The European Banking Authority's (EBA) single rulebook Q&A contains information on various regulations and directives to ensure consistent and effective application of the new regulatory...
On October 10, 2019, Payments Canada launched a consultation on a proposed policy framework for its new real-time gross settlement, high-value payments system, Lynx, which is going to replace the...
Europol has highlighted the dangers posed by the stuttering introduction of strong authentication and open banking reforms, flagging indecision over delays as a gap to be exploited by fraudsters.
A proposed reworking of state-level money services businesses licensing could provide much-needed regulatory clarity for U.S. fintechs, but there is still room for reducing the regulatory burden on...
The Financial Conduct Authority (FCA) has issued a stern warning to payment and e-money institutions over “unacceptable” practices in safeguarding client funds, as well as around risk governance...
The European Banking Authority (EBA) has reiterated its concerns over the level of Brexit planning among some financial services firms, as the prospect of a no-deal departure looms closer 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On July 23, 2019, the Financial Conduct Authority (FCA) released a draft guidance paper on the fair treatment of vulnerable customers, aiming to provide clarity on its expectations regarding the...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 EU’s top financial supervisors have urged member states to boost their supervision and understanding of payment and e-money institutions in light of the sectors’ persistent vulnerability to...
A survey by the Dutch central bank has revealed deep unwillingness of consumers in the Netherlands to grant third parties access to their account data, another thorn in the side of the country’s...
On October 4, 2019, the Finnish government announced it had approved a decision on the Cybersecurity Strategy 2019. The strategy is based on the Cybersecurity Strategy 2013 and its purpose is to...

Pages