News & Analysis as of

Payment Systems Financial Markets Financial Institutions

A&O Shearman

ECB consults on extension to T2 operating hours

A&O Shearman on

The European Central Bank (ECB) has published a consultation paper (CP) exploring the extension of operating hours for its real-time gross settlement (RTGS) system, T2. This involves both its daily operational hours and its...more

A&O Shearman

BoE response to discussion paper on reviewing access to RTGS accounts for settlement

A&O Shearman on

On 8 April, the Bank of England (BoE) has published its response to the discussion paper on reviewing access to Real-Time Gross Settlement (RTGS) accounts for settlement. In the discussion paper, initially published on 8...more

Katten Muchin Rosenman LLP

Financial Products and Services and Bot-to-Bot Communications: What the Future Holds for Customers and Providers

Money 20/20 has come to a close in Las Vegas. What is usually a leading industry conference predominantly focused on consumer and commercial payments markedly "pivoted" this year. Specifically, in what can likely be...more

Hogan Lovells

Global Payments Newsletter, July 2022

Hogan Lovells on

Key developments of interest over the last month include: UK Financial Services and Markets Bill 2022-23 introduced to Parliament; US Treasury publishes framework for international engagement on digital assets; and European...more

A&O Shearman

Consultation and Draft Direction on Confirmation of Payee System Issued by UK's Payment Systems Regulator

A&O Shearman on

The Payment Systems Regulator, the regulatory body responsible for monitoring the payment systems industry in the U.K., has published a second consultation paper requesting feedback on its proposals for a mandatory...more

Ballard Spahr LLP

Federal Reserve Publishes Updates on Payment System Improvement Efforts

Ballard Spahr LLP on

Earlier this week, the Federal Reserve issued a paper entitled “Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey”. The paper is intended to provide payment...more

Proskauer Rose LLP

Regulation Round Up - February 2017

Proskauer Rose LLP on

The FCA and PRA announced changes to enforcement process with the aim of strengthening the transparency and effectiveness of enforcement decision-making processes. Some of the changes have already come into force, the rest...more

Orrick - Finance 20/20

European Parliament Announces Indicative Date for PSD2 Plenary Session

Orrick - Finance 20/20 on

The European Parliament intends to consider the proposed Directive on payment services in the internal market (PSD2) in its plenary session to be held from October 5 – 8, 2015. PSD2 aims to improve the transparency and...more

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