UK, Data Privacy, Payment Systems

FSB forum on cross-border payments data

A&O Shearman on 4/3/2025

The Financial Stability Board (FSB) has announced the establishment of a forum on cross-border payments data, a key outcome from the FSB's recommendations for data frameworks related to cross-border payments published in...more

PSR publishes policy statement on 2024 APP scams data

A&O Shearman on 3/18/2025

The UK Payment Systems Regulator (PSR) has published a policy statement outlining its approach to publishing authorised push payment (APP) scams data for 2024. In 2025, the PSR will take a different approach to publishing...more

UK regulators publish feedback statement on big tech and digital wallets

A&O Shearman on 3/4/2025

The UK Financial Conduct Authority (FCA) and the UK Payment Systems Regulator (PSR) have issued a joint feedback statement on the usage and impact of big tech and digital wallets (FS25/1). The feedback statement was...more

National Payments Vision: A Strategic Blueprint for the Future of UK Payments

Skadden, Arps, Slate, Meagher & Flom LLP on 11/27/2024

On November 14, 2024, the UK government unveiled its National Payments Vision (the Vision), a strategy designed to reshape the UK’s payments ecosystem. This Vision responds to the findings of the 2023 Future of Payments...more

The UK’s Pursuit of Open Finance

Skadden, Arps, Slate, Meagher & Flom LLP on 4/30/2024

In April 2024, the UK government reiterated its vision for open finance, with UK Economic Secretary Bim Afolami (MP) announcing the creation of the Open Finance Taskforce at the 2024 Innovate Finance Global Summit. The...more

Doing Business in the UK: Consumer Sector 2020

Hogan Lovells on 2/19/2020

The UK’s consumer sector has shown resilience against the backdrop of challenging political and economic conditions. Consumers in the UK remain willing to spend; however, the way in which they do so is changing, with...more