News & Analysis as of

European Commission Payment Systems Financial Services Industry

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

A&O Shearman

Key Regulatory Topics Weekly Update 16 February to 22 February 2024

A&O Shearman on

Of particular note this week in the EU, the Council adopted the legislative package to strengthen market data transparency which includes changes to the EU’s trading rules on market data, payment for order flow and commodity...more

K&L Gates LLP

Brussels Regulatory Brief: November 2023

K&L Gates LLP on

Antitrust and Competition - European Commission Approves Consolidation in the Ground Transportation Sector Subject to Remedies - The companies are two global suppliers of signalling systems for mainline and urban railway...more

Hogan Lovells

Evolution not revolution: European Commission publishes financial data access and payments package

Hogan Lovells on

As part of the European Commission’s 2020 Retail Payments Strategy and following its 2022 review of PSD2 and related consultations, it has published legislative proposals to improve the functioning of PSD2. The first is for a...more

Wilson Sonsini Goodrich & Rosati

Innovations in Payments: Regulation, Infrastructure, and Opportunities

Much is written about revolutionary developments in payments, but the reality of progress in such a complex area is that it is often evolutionary. Legislators, regulators, and industry have been working incrementally to...more

Hogan Lovells

Global Payments Newsletter, November 2022

Hogan Lovells on

Key developments of interest over the last month include: discussions over tightening crypto regulation in Europe and Asia; digital currency pilots in India and the U.S.; and UK Payment Systems Regulator looking into card...more

A&O Shearman

European Commission Consults on Revised EU Payment Services Directive and Open Finance

A&O Shearman on

The European Commission has published three consultations on the revised EU Payment Services Directive and on open finance. The results of the consultations will help inform the Commission's review of PSD2 and proposed...more

Hogan Lovells

Global Payments Newsletter, February 2022

Hogan Lovells on

Key developments of interest over the last month include: Stop Press: The international response to Russia’s invasion of Ukraine on 24 February 2022 includes a number of significant economic sanctions measures. See our latest...more

A&O Shearman

Key Regulatory Topics: weekly Update 15 October to 21 October 2021

A&O Shearman on

Of particular note this week, HM Treasury published a policy paper on ‘Greening Finance: A Roadmap to Sustainable Investing’ which sets out the UK government’s ambition to support the financial services sector to align with...more

Hogan Lovells

Payments regulatory news, March 2021 # 3

Hogan Lovells on

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, April 2020

Hogan Lovells on

Funding no-blame APP scams: PSR considers options - The Payment Systems Regulator (PSR) has published slides and speaker notes of Chris Hemsley, PSR Managing Director, for a call on authorised push payment (APP) scams,...more

A&O Shearman

COVID-19: FCA Announcement on Key Workers in Financial Services and other issues

A&O Shearman on

The FCA has published a series of measures and regulatory guidance on how financial services firms should deal with the coronavirus (COVID-19) pandemic. In our previous client notes, “Planning in a Time of Pandemic:...more

BCLP

New Rules on Cross-Border Payments and Currency Conversion Transparency

BCLP on

After trilogue negotiations with the European Parliament and the European Commission, the European Council has now approved the amendments made to the Regulation (EC) No 924/2009 on Cross-Border Payments (the “CBP...more

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