The FCA, The Bank of England, the PRA, and the PSR (“the regulators”) have an MoU in place which sets out the high-level framework for working and cooperating with one another in relation to payments in the UK.
Prudential Services is now part of the Financial Resilience sector at Cosegic. The Financial Conduct Authority’s (FCA’s) release of the new draft rules is relevant to firms and consumers that either plan to or...
The Financial Conduct Authority’s (FCA or the ‘regulator’) latest communication on improving contactless payments has sparked a great deal of interest in the payments industry. The proposed approach involves a physical payment...
Financial crime and anti-money laundering (“AML”) controls are only effective when they work as intended: to prevent and mitigate illicit activity. Regular audits are one of the most reliable ways to evaluate...
Last year, the Government ran a six-week consultation between 17 October and 29 November 2024 on proposals for bringing currently unregulated Buy-Now, Pay-Later (BNPL) products into regulation. This consultation also included draft...
The UK is a world leader and a global hub for commercial insurance, providing expertise in underwriting complex and specialty risks, and handling risks from all over the world. At the same...
Since the introduction of the UK’s Authorised Push Payment (APP) scam reimbursement requirement on 7 October 2024, the Payment Systems Regulator (PSR) has reported encouraging progress in both consumer protection and industry...