Less than one week after fining Standard Chartered $1.1bn over failures in its sanctions and anti-money laundering controls, U.S. authorities have hit another European bank, UniCredit, with an even...
Regulators have confirmed that EU financial firms operating in different member states must handle two sets of fraud rate data — at country level and company level — despite concerns from banking...
On April 11, 2019, Payments Japan published a report titled “Cashless Road Map 2019”. The report summarises cashless payment trends in the world and the current situation with regard to the...
On April 5, 2019, the Open Banking Implementation Entity (OBIE), in collaboration with UK Finance, published a document entitled "PSD2 Contingency Exemption Form Illustrative Answers - Publication...
A three-year investigation into whether Norwegian banks were unlawfully blocking third-party provider Trustly has come to an end, after the authority closed the case without making a judgment...
On April 2, 2019, the Open Banking Implementation Entity (OBIE) issued guidance to EEA open banking participants regarding the temporary permissions regime following the UK's withdrawal from the EU...
Banks in France will need to begin testing application programming interfaces (API) for third-party access within the next two weeks or face having to build a second fallback mechanism, regulators...
The UK competition regulator on Monday extended deadlines for five banks that overshot a key milestone in the country’s open banking roadmap, but forced them to hire outside help to monitor their...
On April 1, 2019, the European Banking Authority (EBA) published clarifications to the second set of issues raised and discussed by participants of its working group on application programming...
European banks providing application programming interfaces (APIs) must make testing facilities available to third-party providers even if they have not yet received authorisation, regulators have...
The Australian competition regulator has issued draft rules for financial data portability under the proposed Consumer Data Right — the foundational legislation for bringing open banking to the...
On March 28, 2019, the Finnish Financial Supervisory Authority (FIN-FSA) announced the commencement of the time framework within which account servicing payment service providers (ASPSPs) will be...
On March 27, 2019, Bank Negara Malaysia (BNM) published the Financial Stability and Payment Systems Report for 2018, which details the central bank's assessment of the risks and challenges faced by...
The beginning of open banking in Australia could hit another snag after the opposition Labor Party flagged its intention to propose amendments to a bill establishing a Consumer Data Right.
An independent survey of European banks has suggested that a significant number will miss the chance to gain the fallback exemption from its first availability in September, as many have failed to...
On March 20, 2019, the Canadian government published a budget plan for 2019, titled "Investing in the Middle Class". The plan proposes to modernise the country's anti-money laundering and counter...

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