On 21 May 2024, the Payment Systems Regulator (PSR) published an interim report on its market review into card scheme fees and processing fees. The report focuses on the market position of Mastercard and Visa, with the PSR...more
Key developments of interest over the last month include: Nigeria: eNaira digital currency launched United Kingdom: PSR publishes final report on card-acquiring services market review United States: Federal Reserve launches...more
Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. ...more
Collections function: PRA Dear Chief Risk Officer letter - The UK Prudential Regulation Authority (PRA) has published a letter to Chief Risk Officers (CROs) of non-systemic UK deposit takers, from Melanie Beaman, PRA...more
Draft Payment and Electronic Money Institution Insolvency Regulations - Recent regulatory developments focussed on the payments sector. See also our Financial institutions general regulatory news of broad relevance in the...more
PSR annual plan and budget for 2021/22 - The Payment Systems Regulator (PSR) has published its annual plan and budget for 2020/21, together with an accompanying factsheet. The plan sets out a summary of the PSR's key aims...more
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
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
APP scams: PSR call for improvements - The Payment Systems Regulator (PSR) has published a document in which Genevieve Marjoribanks, PSR Head of Policy, sets out how the PSR wants to see improvements relating to...more