Topic: Payments openbanking

On 14 November 2023, the European Payments Council published:

On 16 October 2023, the Dutch Central Bank (De Nederlandsche Bank, DNB) published for comment a draft Q&A on supervisory boards at payment institutions and electronic money institutions (EMIs). The draft Q&A provides firms with guidance on the circumstances DNB requires a supervisory board at a payment institution or EMI.

On 12 October 2023, the Payment Systems Regulator (PSR) published an updated penalty statement.

On 9 October 2023, the Financial Stability Board (FSB) published its inaugural annual report on key performance indicators (KPIs) for meeting the targets for cross-border payments and a consolidated report on progress under the FSB’s Roadmap for enhancing cross-border payments.

On 18 September 2023, the Dutch Central Bank (De Nederlandsche Bank, DNB) launched a public consultation on the draft ‘Good Practices Intra-Group Relationships’ applicable to e-money institutions and payment institutions. The consultation is open until 17 November 2023.

On 2 October 2023, HM Treasury published a Policy Statement ‘Payment service contract termination rule changes: Implementation, timings and next steps’.

On 25 September 2023, the Financial Stability Board (FSB) published a report: Stocktake of international data standards relevant to cross-border payments.

On 21 July 2023, HM Treasury published a Policy Statement setting out the Government’s findings from the call for evidence on the Payment Services Regulations 2017, specifically in relation to the issue of account termination and freedom of expression. It also sets out the Government’s proposed reforms to enhance requirements relating to contract termination for payment accounts.

On 20 July 2023, the Bank of England (BoE) published a speech by Victoria Cleland (Executive Director of Payments) entitled ‘Payments: it’s all change’.

On 30 June 2023, the Payment Systems Regulator (PSR) published a working paper on a market review into card scheme and processing fees: recent changes to scheme and processing fees.