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Open Banking Financial Services Industry United Kingdom

A&O Shearman

UK Future Entity for Open Banking to Be Established by End of 2025

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published a feedback statement on the design of the Future Entity for UK open banking (FS25/4). The feedback statement responds to the feedback received to the consultation, which...more

A&O Shearman

UK payments regulators discuss next steps for open banking

A&O Shearman on

The Financial Conduct Authority and Payment Systems Regulator have set out the next steps for open banking, focusing on variable recurring payments. In the statement the regulators explain the benefits of variable recurring...more

Latham & Watkins LLP

Taskforce Proposes New Approach to Financial Regulation in the UK

Latham & Watkins LLP on

A report from the Taskforce on Innovation, Growth and Regulatory Reform provides recommendations for how the UK can “re-imagine” its approach to regulation post-Brexit. On 16 June 2021, the Taskforce on Innovation,...more

Latham & Watkins LLP

UK Government Launches ‘Smart Data’ Proposals as Data-Portability Agenda Intensifies

Latham & Watkins LLP on

The proposals would grant consumers increasing rights to require providers to share access to their data directly with chosen third parties. The UK government has released a consultation advocating the introduction of...more

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