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Payment Systems Cross-Border Transactions Financial Services Industry

A&O Shearman

FCA findings on international payment pricing transparency

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The UK Financial Conduct Authority (FCA) has published examples of good and poor practices following its review into international payment pricing transparency. Under the consumer duty, in line with the FCA's Handbook (PRIN...more

Hogan Lovells

Consumer Duty: UK FCA raises the bar for international payment pricing transparency

Hogan Lovells on

The FCA has published the findings from its review of firms’ approach to pricing transparency when offering UK customers international money remittance and cross border payments. It highlights proactive and clear disclosure...more

Orrick, Herrington & Sutcliffe LLP

FSB recommends data flows changes and supervision of cross-border payments

Recently, the FSB released its final recommendations aimed at improving data flows and the regulation and supervision of cross-border payments. These recommendations aim to facilitate greater efficiency of cross-border...more

Mayer Brown

Recent Developments in the Payment Industry

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Join us for a new episode of Financial Services Focus with Mayer Brown Partner, David Beam, and Houlihan Lokey Managing Director, Kartik Sudeep. Beam and Sudeep discuss developments in the payments industry, including...more

Goodwin

Five Things You Need to Know About Launching Fintech Products in the US

Goodwin on

With more fintech’s looking to expand their businesses internationally, it can be daunting to navigate varying regulations across borders. This article focuses on regulations in the United States. For those also focused on...more

Hogan Lovells

Global Payments Newsletter, February/March 2023

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Key developments of interest over the last two months include: the Central Bank of Ireland publishing a Dear CEO letter to the payments industry; the Bank of England and HM Treasury launching a consultation on a model for a...more

Hogan Lovells

Global Payments Newsletter, January 2022

Hogan Lovells on

Key developments of interest over the last month include: Hong Kong: HKMA issues Discussion Paper on crypto and stablecoins Ireland: Central Bank publishes "Dear CEO" letter on supervisory expectations for payment and...more

Hogan Lovells

Global Payments Newsletter, December 2021

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Key developments of interest over the last month include: In this Newsletter: For previous editions of the Global Payments Newsletter, please visit our Financial Services practice page. It is expected that the implementation...more

Hogan Lovells

Global Payments Newsletter, October 2021

Hogan Lovells on

Key developments of interest over the last month include: United Kingdom: HM Treasury responds to Payments Landscape Review call for evidence Hong Kong: HKMA publishes white paper exploring the idea of a CBDC Italy: Bank of...more

Hogan Lovells

Payments regulatory news, August 2021 #2

Hogan Lovells on

CRM code for APP scams: LSB update The Lending Standards Board (LSB) has published a press release setting out the next steps for the contingent reimbursement model code (CRM code) for authorised push payment (APP) scams. ...more

Hogan Lovells

Payments regulatory news, June 2021

Hogan Lovells on

Proposed codified EU Regulation on cross-border payments: JURI draft report - The European Parliament's Legal Affairs Committee (JURI) has published a draft report containing a draft European Parliament legislative...more

Hogan Lovells

Payments regulatory news, December 2020

Hogan Lovells on

UK payment systems: Pay.UK recommendations for adopting ISO 20022 - Pay.UK published a report containing conclusions and recommendations relating to adopting the common global messaging standard for UK payments, known as...more

Hogan Lovells

Global Payments Newsletter, October 2020

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Europe: European Commission communication on EU Retail Payments Strategy - On 24 September 2020 the European Commission published a communication setting out an EU Retail Payments Strategy identifying key priorities and...more

Hogan Lovells

Payments regulatory news, October 2020 # 2

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ISO 20022 migration: BoE revised approach The Bank of England (BoE) has updated its webpage on ISO 20022 with the following information. - ISO 20022 migration: BoE revised approach - The Bank of England (BoE) has updated...more

Hogan Lovells

Payments regulatory news, July 2020 #4

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EU Regulation on cross-border payments: European Commission adopts legislative proposal. Australia: Open banking launches with the initiation of the Consumer Data Right. Customers of Australia's four major banks can choose...more

Hogan Lovells

Global Payments Newsletter, April 2020

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In this Newsletter: For previous editions of the Global Payments Newsletter, please visit our Financial Services practice page. On 3 April 2020 the European Commission issued a public consultation to help inform a retail...more

Latham & Watkins LLP

Crypto Coming of Age: UK Regulation Hits Cryptoasset Business

Latham & Watkins LLP on

New regulatory requirements, including registration and customer disclosure requirements, apply to regulated and unregulated persons carrying on relevant cryptoasset business. On 20 December 2019, the UK government published...more

BCLP

New Rules on Cross-Border Payments and Currency Conversion Transparency

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After trilogue negotiations with the European Parliament and the European Commission, the European Council has now approved the amendments made to the Regulation (EC) No 924/2009 on Cross-Border Payments (the “CBP...more

Davis Wright Tremaine LLP

Reality and Trend of China’s Regulation on Payment Service by Non-Financial Institutions 2016

Understanding the payments regulatory environment in China—both the existing regime and pending developments—is essential for companies engaged in cross-border payments activities (particularly non-financial institutions). At...more

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