News & Analysis as of

Payment Systems Regulatory Agenda European Union

A&O Shearman

Amendment to the TARGET Guideline postponed

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The European Central Bank (ECB) has announced that the amendment to the TARGET Guideline, which would allow non-bank payment service providers (non-bank PSPs) to participate in TARGET is postponed... ...more

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, April 2025

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Key developments of interest over the last month include: the Central Bank of Somalia announcing the launch of the Somalia Instant Payment System (SIPS), the country’s first nationwide instant payments infrastructure; the...more

Hogan Lovells

EU Payments: What's in the regulatory pipeline for 2025?

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As the evolution of payments continues at a rapid pace it is important that industry participants are up to date on the regulatory developments supporting and guiding these developments. This publication outlines the key...more

A&O Shearman

Eurozone banks: get ready for the new IPR obligations!

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The new Regulation (EU) 2024/886 on instant credit transfers in euros (IPR), amending the so-called SEPA Regulation, is here, and it’s time to gear up! Effective from April 8, 2024, the first set of obligations kicks in on...more

A&O Shearman

Regulatory monitoring: EU version Newsletter - December 2024

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1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) International - FSB: Plenary December 2024 - Status: Final - The FSB has set out the outcomes of its Plenary that met on 3 and 4 December. Points of...more

A&O Shearman

DORA: Get ready, get set, take action

A&O Shearman on

The Digital Operational Resilience Act 2022/2554 (DORA) is a European regulation that will come into force on January 17, 2025. The regulation aims to strengthen the digital operational resilience of the financial sector...more

Goodwin

CFPB and European Commission Release Report Regarding “Critical” Priority Areas for Consumer Financial Protection Issues

Goodwin on

In April 2024, the Consumer Financial Protection Bureau (CFPB or Bureau) and the Commissioner for Justice and Consumer Protection of the European Commission (European Commission) announced that three meetings had been...more

McDermott Will & Emery

International Legal Highlights / Spring, 2024

DOJ DOUBLES DOWN ON CORPORATE ENFORCEMENT WITH NEW WHISTLEBLOWER PROGRAM - During the 2024 American Bar Association National Institute on White Collar Crime (the 2024 White Collar Conference) earlier in March US Attorney...more

A&O Shearman

Key Regulatory Topics: Weekly Update 23-29 Feb 2024

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Amongst the broad range of updates this week, at international level, the FSB published its thematic peer review on MMF Reforms and the BCBS published the outcomes of its meeting held on 28 and 29 February, including that it...more

Hogan Lovells

Global Payments Newsletter, April 2023

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Key developments of interest over the last month include: the UK FCA’s publication of a portfolio letter to payments and e-money firms; the U.S. Federal Reserve announcing the July 2023 launch of its FedNow Service; and...more

Latham & Watkins LLP

BIS Issues Final Guidance on Stablecoin Regulation

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The global central bank cooperative body would bring stablecoins within the international standards for payment, clearing, and settlement systems....more

Hogan Lovells

Payments regulatory news, March 2021 # 3

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Strategic trends - Pay.UK report and Knowledge Hub Pay.UK has announced the publication of a report exploring the key trends that are shaping the future of retail payments. ...more

Hogan Lovells

Payments regulatory news, March 2021

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SEPA direct debit schemes: EPC guidelines for appearance of mandates - The European Payments Council (EPC) has published revised guidelines on the appearance of mandates for the Single Euro Payments Area (SEPA) Direct Debit...more

Hogan Lovells

Global Payments Newsletter, December 2020

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Key developments of interest over the last month include: United Kingdom: HM Treasury is consulting on proposed insolvency changes for payment institutions and electronic money institutions, including a bespoke special...more

Hogan Lovells

Global Payments Newsletter, October 2020

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Europe: European Commission communication on EU Retail Payments Strategy - On 24 September 2020 the European Commission published a communication setting out an EU Retail Payments Strategy identifying key priorities and...more

Hogan Lovells

Payments regulatory news, September 2020 # 4

Hogan Lovells on

We have published the September 2020 edition of our Global Payments Newsletter. Key developments of interest over the last month include: United Kingdom: the Payment Systems Regulator (PSR) has published its interim report...more

Hogan Lovells

Global Payments Newsletter, August 2020

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Key developments of interest over the last month include: United Kingdom: HM Treasury publishes Call for Evidence for Payments Landscape Review, seeking industry input on how payment systems could be improved. The deadline...more

Hogan Lovells

Payments regulatory news, July 2020 #4

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EU Regulation on cross-border payments: European Commission adopts legislative proposal. Australia: Open banking launches with the initiation of the Consumer Data Right. Customers of Australia's four major banks can choose...more

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