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PSD2 European Union Consultation

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UK Government Launches Consultation on Deregulating Commercial Agents

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The UK’s consultation on deregulating commercial agents could have knock-on impacts on payment services and create regulatory divergence from the EU....more

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UK Conduct Regulator Consults on its Approach to Technical Standards and Guidelines Under the Revised Payment Services Directive

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The U.K. Financial Conduct Authority has launched a consultation on its approach to implementing Regulatory Technical Standards and related Guidelines developed by the European Banking Authority to supplement provisions of...more

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European Banking Authority’s Draft Guidelines on Outsourcing: Discussion of Key Themes

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The EBA’s draft guidelines on outsourcing will impact cloud outsourcing and institutions’ deployment of FinTech. On 4 September 2018, a wide audience of interested individuals gathered at Canary Wharf for a public hearing...more

A&O Shearman

European Banking Authority Proposes Updated Guidelines on Outsourcing by Financial Institutions

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The European Banking Authority has launched a consultation on draft Guidelines on outsourcing arrangements. The proposed Guidelines are intended to update and replace the outsourcing guidelines issued in 2006 (by the EBA's...more

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Banking on IT

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The European Banking Authority (EBA) has published its consultation document on security measures for operational and security risks under the revised Payment Services Directive (PSD2). The WannaCry ransomware attack that...more

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European Banking Authority Consults on Guidelines on Security Measures for Operational and Security Risks under the Revised...

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The European Banking Authority has launched a consultation on draft Guidelines on security measures for operational and security risks under the revised Payment Services Directive (known as PSD2). PSD2, which will apply from...more

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European Banking Authority Consults on Draft Guidelines on Complaints of Alleged Infringements of PSD2

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The European Banking Authority published for consultation draft Guidelines on complaints procedures for alleged infringements of the Payments Services Directive 2 by payment service providers. The PSD2 provides for payment...more

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UK Government Consults on Implementing the Revised EU Payment Services Directive 

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The UK Government launched a consultation on implementation of the revised EU Payment Services Directive in the UK. The new Payment Services Directive (known as PSD2) aims to make payments between Member States as secure,...more

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