On 24 September 2026 the European Banking Authority published its response to the European Commission’s targeted consultation on the MiCA review, an exercise feeding into the review framework under Article 140 of Regulation (EU) 2023/1114. The EBA asks the Commission to prioritise five things: a dedicated regime for third-country multi-issuer stablecoin schemes, a fresh look…
On 11 September 2026 the European Payments Council opened a public consultation on version 0.1 of the proposed FRIDA scheme rulebook. The consultation period runs from 11 September to 10 December 2026. FRIDA, the FRaud Information Distribution Arrangement, is the EPC’s proposed scheme for exchanging fraud data between payment service providers on account-to-account transactions across…
On 7 October 2024 the reimbursement requirement in PSR Specific Direction 20 became live, and every payment service provider that sends a Faster Payments transaction from a relevant UK account acquired two obligations at once. The first is reimbursement: where an FPS APP scam claim is reimbursable, the sending PSP must reimburse the consumer subject…
On 2 July 2026 the Payments Vision Delivery Committee published an update on roles and responsibilities in the future retail payments ecosystem. The FCA and PSR published same-day statements directing stakeholders to it, while HM Treasury published the update on GOV.UK. It reads like a background note. It is closer to a pricing document. The…
A consumer survey is not a reporting obligation. Treat the two as the same thing and you mis-scope your year, because the Bundesbank payment behaviour study tells you where transaction volumes are moving, while a separate set of European Central Bank rules tells you which of those movements you have to count, code and submit….
Get the legal basis of the UK Payments Initiative wrong and you can spend a quarter building a payment proposition on the assumption that EU rules apply, only to find that none of them do. The UK Payments Initiative is the first commercial open banking scheme in the country, and the FCA confirmed its launch…
A euro stablecoin looks like a payments product and behaves like one. The reporting file behind it does not. The moment an issuer puts a fiat-referenced token into circulation in the EU, it sits inside banking or e-money authorisation, and for many tokens it also picks up a quarterly supervisory return and a hard cap…
Introduction PSD2 reporting is not optional – payment institutions face multiple overlapping reporting obligations including statistical, prudential, fraud, incident, and complaint reporting, each with distinct deadlines, data sources, and regulatory recipients. Payment Services Directive 2 (Directive (EU) 2015/2366) fundamentally reshaped how payment institutions, e-money institutions (EMIs), account information service providers (AISPs), and payment initiation service…