The outlook for 2023 looks uncertain, following another tumultuous year. The collapse of a number of large cryptocurrency exchanges has shone another spotlight on the digital asset market. The financial system’s resilience...more
Key developments of interest over the last month include: • United Kingdom: The Payment Systems Regulator (PSR) has published two calls for views, one of which focuses on authorised push payment (APP) scams and the other on...more
Our note summarises key national payment moratoria measures and other reliefs related to the COVID-19 pandemic which have been introduced in various European countries and which are relevant in the context of structured...more
The current situation is fast-moving. The information below reflects our understanding of payment moratoria measures and other reliefs related to the COVID-19 pandemic as at 9 June 2020. In many cases the legislation,...more
INTRODUCTION -
The current situation is fast-moving. The information below reflects our understanding of forbearance measures and other reliefs related to the COVID-19 pandemic as at 2 April 2020.
In many cases the...more
Disruption continues to be the norm for those in the payments and retail banking sectors. 2018 was dominated by preparations, or talk about preparations, for Brexit and 2019 started out in the same vein, with many firms...more
Lehman Brothers’ collapse a decade ago changed the financial services industry and brought about stronger regulation around the world. Now efforts to relax those regulations have emerged in both the US and UK – amid a turn...more
Register now for our live webinar to learn about the key developments that will help payments experts to thrive in the post-PSD2 era.
We've gathered leading payments regulation and technology professionals to look at the...more
On 15 June 2017, the FCA revealed that 31 firms have been admitted into the second cohort of its regulatory sandbox. The sandbox was launched last year as part of the FCA's Project Innovate and creates a "safe space" for...more
The FCA's latest Business Plan demonstrates a commitment to pushing forward on both existing and new initiatives across sectors, focused on maintaining fair consumer outcomes in the rapidly changing UK financial services...more
4/24/2017
/ BSA/AML ,
Cybersecurity Act of 2015 ,
Distributed Ledger Technology (DLT) ,
EU Market Abuse Regulation (EU MAR) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
FinTech ,
Innovative Technology ,
Investment Management ,
MiFID II ,
MiFIR ,
Pensions ,
Popular ,
Retirement ,
Senior Management Regime (SMR) ,
Small and Medium-Sized Enterprises (SMEs) ,
Technology ,
UK ,
UK Competition and Markets Authority (CMA)
Moving onto the second day of the Innovate Finance Global Summit 2017, Hogan Lovells hosted a roundtable focussed on Making Regulation Invisible: Using RegTech to Embed Rules into Workflow. A full house reinforced the nirvana...more
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more
4/13/2017
/ Authentication ,
Banking Sector ,
BSA/AML ,
CCPs ,
EU ,
European Banking Authority (EBA) ,
Financial Institutions ,
Financial Services Industry ,
Interchange Fees ,
MLD4 ,
Mobile Payments ,
Money Laundering ,
Money Transfer ,
Payment Systems ,
PSD2 ,
RTS ,
UK Payment Systems Regulator
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more
3/7/2017
/ Agricultural Sector ,
Court of Justice of the European Union (CJEU) ,
EU ,
Farms ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Interchange Fees ,
MasterCard ,
Payment Systems ,
PSD ,
PSD2 ,
RTS ,
SEPA ,
Technology ,
UK
HM Treasury has today published a consultation paper and draft Payment Services Regulations 2017 for a short 6 week consultation period ending on 16 March 2017.
The consultation paper states that the Government aims to...more
Content Services created a cloud of uncertainty on whether online banking can be used to "provide" prescribed information. The recent Advocate General opinion in the BAWAG case distinguished Content Services and took a more...more
We're just back from our second visit to the Davos 'fringe' with Innovate Finance and several FinTech momentum players. Numerous events and discussions on a wide range of topics take place alongside the main World Economic...more
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more
1/18/2017
/ Africa ,
Banking Sector ,
Banks ,
Blockchain ,
BSA/AML ,
Consumer Financial Products ,
Credit Cards ,
EU ,
European Banking Authority (EBA) ,
Facebook ,
Financial Fraud ,
Financial Institutions ,
Financial Markets ,
FinTech ,
France ,
Germany ,
India ,
Indonesia ,
Italy ,
Malaysia ,
MasterCard ,
Mobile Apps ,
Mobile Banking ,
Money Transfer ,
Payment Services Directive ,
Popular ,
Prepaid Payment Products ,
PSD2 ,
Regulatory Oversight ,
Reporting Requirements ,
RTS ,
Scams ,
Stock Exchange ,
Technology ,
Third-Party ,
UK ,
Visa Inc ,
Western Union
With contributors across the sector and the globe, we've compiled a review of some of the developments that will affect financial institutions in 2017 and beyond. The one thing that 2016 taught us was to expect the...more
1/13/2017
/ Banking Sector ,
Bitcoin ,
Blockchain ,
BSA/AML ,
Data Protection ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
General Data Protection Regulation (GDPR) ,
Insolvency ,
Insurance Industry ,
Investment Funds ,
Key Information Document (KIDs) ,
Limited Partnerships ,
MiFID II ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Personal Data ,
Popular ,
PSD2 ,
RegTech ,
UK ,
UK Brexit ,
UK Competition and Markets Authority (CMA) ,
Virtual Currency