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  1. Legal news
    20 July 2021
    Open Banking: The French Comité National des Paiements Scripturaux reports on the state of play of APIs obstacles in France

    In a document which has just been published, the PSD2 Account Access Interface Working Group of the French National Cashless Payments Committee (Comité national des paiement scripturaux – “CNPS”) lists the APIs offered ...

  2. Legal news
    25 July 2019
    Some key topics under PSD2: open banking, strong customer authentication, and the platform/commercial agent exemption

    The second Payment Services Directive (PSD2) updates the original Payment Services Directive (PSD1) which dates back from 2007. In this article, we will discuss the most important changes in- troduced by PSD2 and the ...

  3. Legal news
    25 June 2019
    Strong Customer Authentication (SCA): EBA Opinion allows for more time, and provides more clarity on the various SCA elements

    On 21 June 2019, the European Banking Authority (EBA) published another Opinion on the updated Payment Services Directive (PSD2) and in particular its provisions on Strong Customer Authentication (SCA)

  4. Legal news
    02 August 2019
    PSD2: transitional period for strong customer authentication for online card payments in Italy

    On 1st August 2019 the Bank of Italy issued a press release where it announced that it will grant, in line with the decisions taken at European level, more time to the Italian financial industry to complete the ...

  5. Legal news
    25 November 2020
    The EU Court of Justice rules on various PSD2 provisions, including potential cardholder liability in relation to contactless payments

    As we know, the area of payments is a complex one, not only because of the way in which payments operate (i.e. the technology is sometimes complex), but also because the relevant legislation is not always very clear, is ...

  6. Legal news
    13 November 2020
    The FCA has confirmed participation in the GFIN cross-border testing initiative for financial products and services

    On 29 October 2020, the Financial Conduct Authority (FCA) confirmed its participation in the Global Financial Innovation Network’s (GFIN) cross-border testing (CBT) initiative. This means that firms in the UK and ...

  7. Legal news
    23 October 2020
    EBA consults on changes to its guidelines on major incident reporting under PSD2

    On 14 October 2020, the European Banking Authority (EBA) launched a public consultation on the revision of the current EBA Guidelines on major incident reporting under Directive (EU) 2015/2366 (PSD2) -EBA/GL/2017/10- ...

  8. Legal news
    29 October 2020
    FSB publishes report on global stablecoins

    The Financial Stability Board (FSB) has published its report with recommendations on how to promote coordinated and effective regulation, supervision and oversight of Global Stablecoin (GSC) arrangements. Global ...

  9. Legal news
    16 April 2020
    Revised EU Cross-Border Payment Regulation – Delayed enforcement of its provisions on currency conversion

    The European Commission (EC) published a statement on 9 April 2020, in relation to the revised EU Cross-Border Payments Regulation (CBPR2). In that statement, the EC refers in particular to the CBPR2 provisions on ...

  10. Legal news
    13 August 2020
    Revision of EEA Interchange Fee Regulation appears unlikely – at least for now

    Card issuers, acquirers and merchants are among those preparing for a public hearing to take stock of the EEA Interchange Fee Regulation (Regulation (EU) 2015/751 – IFR), due to be organised by the European Commission ...