Ada Nourell

Oct 2, 2024 | lexology.com | Ada Nourell |Virginia Phillips Montgomery

On 18 September 2024, the FCA provided insights from its supervisory activity on price and value in its priority areas of cash savings, GAP insurance and cash on investment platforms following the implementation of the Consumer Duty. The FCA has prioritised these three areas since the Duty came into force due to its longstanding concerns about value and effective competition in the interests of consumers. However, the findings are general findings for in-scope firms in all sectors to consider.

Aug 30, 2024 | lexology.com | Roger Tym |Virginia Phillips Montgomery |Ada Nourell

Key developments of interest over the last month include: the Bank of England publishing a discussion paper on its approach to innovation in money and payments; the European Commission publishing clarifying Q&As on the Instant Payments Regulation; and the Bahamian Parliament passing the Digital Assets and Registered Exchanges Act 2024. In this Newsletter:Market DevelopmentsSurveys and ReportsFor previous editions of the Payments Newsletters, please visit our Financial Services practice page.

Jul 17, 2024 | lexology.com | Charles Elliott |Virginia Phillips Montgomery |Ada Nourell

Key developments of interest over the last month include: the Bank of Italy’s communication on unauthorised payment transactions; the Reserve Bank of Australia’s announcement of an upcoming review into retail payments regulation; and European Banking Authority publishing a statement and 2024/25 supervisory priorities for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) under MiCA.

Apr 17, 2024 | lexology.com | Grace B.A. Wyatt |Virginia Phillips Montgomery |Ada Nourell

Key developments of interest over the last month include: the EU’s regulation on instant credit transfers in euro coming into force; the Bank for International Settlements (BIS) announcing a public-private partnership to explore tokenisation of cross-border payments; and the Bank of England and FCA publishing a joint consultation paper on implementing and operating the Digital Securities Sandbox.