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In response to COVID-19 pandemic, various financial first aid measures were adopted in the Czech Republic including loan programs or pecuniary support. Other financial first aid measures shall follow in near future.
On 4 March 2019, the EU Council formally endorsed the final version of the EU Regulation amending Regulation No 924/2009 on cross-border payments in the EEA (the Cross-Border Regulation).
It can be argued that the principle purposes of the General Data Protection Regulation (Regulation (EU)
2016/679) ('GDPR') and the Payment Services Directive (Directive (EU) 2015/2366) ('PSD2') are in contrast with one ...
On 18 March 2019, the European Banking Authority (EBA) launched its central electronic register under the Payments Services Directive (PSD2).
The President and the Prime Minister of Poland have announced a package of support measures for society and entrepreneurs called the Anti-Crisis Shield.
Following the outbreak of COVID-19, the financial sector as well as the government are taking several actions to mitigate negative economic consequences in an effort to keep the financial system in a good condition.
The EBA has recently published a consultation paper (available here) in which it is seeking comments on proposed changes to the RTS on strong customer authentication (SCA) and common and secure communication (CSC) (the ...
In our article last month (available here), we explored how Buy Now Pay Later (BNPL) works, how it is currently regulated in the UK and the impact of impending regulation. The much-anticipated HM Treasury consultation ...
Our payment services team summarise the FCA's latest Consultation Paper on the Regulatory Technical Standards on Strong Customer Authentication and Common and Secure Communication.
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 ...