25 July 2019
Some key topics under PSD2: open banking, strong customer authentication, and the platform/commercial agent exemption
www.twobirds.com/en/news/articles/2019/global/some-key-topics-under-psd2

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 ...

25 June 2019
Strong Customer Authentication (SCA): EBA Opinion allows for more time, and provides more clarity on the various SCA elements
www.twobirds.com/en/news/articles/2019/global/the-opinion-of-the-eba-on-the-elements-of-sca

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)

02 August 2019
PSD2: transitional period for strong customer authentication for online card payments in Italy
www.twobirds.com/en/news/articles/2019/global/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 ...

17 October 2019
Strong Customer Authentication (SCA): EBA opinion allows for 15-month migration period
www.twobirds.com/en/news/articles/2019/global/strong-customer-authentication

On 16 October 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)

01 November 2017
EBA final Guidelines on major incident reporting under PSD2
www.twobirds.com/en/news/articles/2017/global/eba-final-guidelines-on-major-incident-reporting-under-psd2

On 27 July 2017, the EBA adopted final guidelines on major incident reporting, providing more granularity to the incident reporting obligations contained in Article 96 of PSD2.

04 December 2020
Non-Bank Financial Institutions in Singapore To Be Allowed Direct Connection with Major Funds Transfer Services
www.twobirds.com/en/news/articles/2020/singapore/non-bank-financial-institutions-in-singapore-to-be-allowed-direct-connection

Developments announced by the Monetary Authority of Singapore (“MAS”) on 30th November 2020 Recent developments in Singapore’s move towards a cashless society will see the expansion of two major funds transfer ...

05 October 2020
The FCA issues an update on onshoring, the Temporary Transitional Powers and the reopening of the Temporary Permissions Regime
www.twobirds.com/en/news/articles/2020/uk/the-fca-issues-an-update-on-onshoring-the-temporary-transitional-powers-and-the-reopening-of

On 1 October 2020, as part of the UK Financial Conduct Authority’s (FCA) initiative to ensure an orderly transition and limit disruptions to the post Brexit onshoring process, the FCA published a statement outlining how ...

25 November 2020
The EU Court of Justice rules on various PSD2 provisions, including potential cardholder liability in relation to contactless payments
www.twobirds.com/en/news/articles/2020/global/the-eu-court-of-justice-rules-on-various-psd2-provisions-including-potential-cardholder-liability

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 ...

13 November 2020
The FCA has confirmed participation in the GFIN cross-border testing initiative for financial products and services
www.twobirds.com/en/news/articles/2020/global/the-fca-has-confirmed-participation-in-the-gfin-cross-border

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 ...

23 October 2020
EBA consults on changes to its guidelines on major incident reporting under PSD2
www.twobirds.com/en/news/articles/2020/global/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- ...