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Payment Systems Risk Management United Kingdom

A&O Shearman

Financial Crime: The FCA’s Strategy for 2025 – 2030

A&O Shearman on

In its strategy for the next five years, financial crime remains a priority for the UK Financial Conduct Authority (FCA). While the FCA acknowledges the significant efforts firms invest in their anti-financial crime systems,...more

A&O Shearman

FSB forum on cross-border payments data

A&O Shearman on

The Financial Stability Board (FSB) has announced the establishment of a forum on cross-border payments data, a key outcome from the FSB's recommendations for data frameworks related to cross-border payments published in...more

A&O Shearman

UK Treasury policy paper on new approach to ensure regulators and regulation support growth

A&O Shearman on

HM Treasury has published a policy paper setting out the next steps to its approach on regulation and regulators. The three overarching actions are: (i) tackling complexity and the burden of regulation; (ii) reducing...more

A&O Shearman

UK Financial Conduct Authority Dear CEO letter on priorities for payments portfolio firms

A&O Shearman on

The Financial Conduct Authority has published a Dear CEO letter to firms in the payments portfolio sector (including payment institutions, e-money institutions and registered account information service providers). Although...more

A&O Shearman

UK Payment Systems Regulator publishes compliance monitoring framework

A&O Shearman on

The Payment Systems Regulator (PSR) has published a policy statement (PS25/2) on its new compliance monitoring framework, setting out the scope of its monitoring work, its approach to compliance monitoring and how, in...more

Eversheds Sutherland (US) LLP

Payment matters - October 2024

Upcoming global developments for the payment sector - Asia - 1. Hong Kong: Launch of Phase 2 of the e-Hong Kong Dollar Pilot Programme - On September 23, 2024, the Hong Kong Monetary Authority (HKMA) announced the...more

McDermott Will & Emery

ZAG-MaRisk

McDermott Will & Emery on

Am 27. Mai 2024 hat die Bundesanstalt für Finanzdienstleistungsaufsicht („BaFin“) die finale Fassung des Rundschreibens über die Mindestanforderungen an das Risikomanagement von Zahlungsinstituten („ZAG-MaRisk“)...more

Hogan Lovells

UK FCA portfolio letter to payments firms: compliance with safeguarding is ‘top priority’

Hogan Lovells on

The FCA has published a Portfolio letter setting out its priorities for payments and e-money firms amidst tightening economic conditions and the cost-of-living crisis. Among the three outcomes that it has set for firms in...more

Latham & Watkins LLP

BIS Issues Final Guidance on Stablecoin Regulation

Latham & Watkins LLP on

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

Latham & Watkins LLP

FCA Issues New Safeguarding Guidance for Payment and E-Money Firms Amid COVID-19

Latham & Watkins LLP on

The additional temporary guidance aims to strengthen the arrangements for safeguarding customers’ funds and firms’ prudential risk management in light of the impact of COVID-19. On 9 July 2020, the FCA published its...more

BCLP

Emerging Themes in Financial Regulation 2020

BCLP on

Under the Senior Managers and Certification Regime (“SMCR”), firms are required to identify and report to the FCA any instances of disciplinary action taken in relation to conduct that would amount to a breach of one of the...more

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