GDPR and PSD2 are two legal initialisms that have both generated a great deal of press coverage in recent months, but they are seldom considered together.
By Christian F. McDermott, Calum Docherty and Brett Carr
There were around 122 billion non-cash payments in the European Union (EU) in 2016, with card payments accounting for
By Andrew Moyle and Stuart Davis
The Project Stella report, a European Central Bank (ECB) and Bank of Japan (BOJ) joint venture, details the applicability of distributed ledger technology for financial market infrastructure. During a one-month research project, the central banks tested whether distributed ledger technology (DLT) could sustain the liquidity saving mechanisms — a
By Andrew Moyle, Wenchi Hu, Simon Hawkins and Stuart Davis
Initial Coin Offerings (ICOs) involve issuers offering virtual coins or tokens that are created and disseminated using distributed ledger or blockchain technology. The capital raised from the offer will fund the development of a digital platform, software, or any other project. Holders of
By Andrew Moyle, Stuart Davis, Fiona Maclean, Christian McDermott and Charlotte Collins
The Bank of England (BoE) announced on 19 July 2017 that it is extending direct access to its real-time gross settlement (RTGS) service to non-bank payment service providers (i.e., e-money institutions and payment service providers that do not have regulatory
By Stuart Davis, Andrew Moyle, Fiona Maclean, Christian McDermott and Charlotte Collins
The Financial Conduct Authority (FCA) has provided an update on its regulatory sandbox initiative. The sandbox is part of Project Innovate, and allows businesses (whether already authorised or not) to test new offerings in the market under close supervision and without
By Christian McDermott, Calum Docherty, Stuart Davis and Anne Mainwaring
The European Banking Authority (EBA) has published its consultation document on security measures for operational and security risks under the revised Payment Services Directive (PSD2).
The WannaCry ransomware attack that swept across the globe last week revealed the destructive and indiscriminate nature of