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Policy Statement › Banking Sector › Payment Systems

A&O Shearman

Bank of England policy statement and statement of policy on commercially reasonable payments in a statutory tear up in CCP...

A&O Shearman on

The Bank of England has published a statement of policy setting out its approach to determining commercially reasonable payments to clearing members whose contracts are subject to a statutory tear up in CCP resolution,...more

A&O Shearman

UK Payment Systems Regulator Publishes Policy Statement Confirming the Maximum Level of APP Scam Reimbursement

A&O Shearman on

The Payment Systems Regulator has published a policy statement confirming the maximum level of Authorized Push Payment scam reimbursement. The statement follows the PSRs recent announcement confirming its decision to reduce...more

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