Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as sharing interesting reports and surveys on issues affecting the market.
Key developments of interest over the last month include:
Bank of Italy publishes consultation papers: On February 2018, the Bank of Italy published three consultation papers on PSD2, interchange fees for card-based payment transactions, and the EBA guidelines on product oversight and governance arrangements for retail banking products.
EBA publishes letter to European Commission: The letter, dated 26 January 2018, discusses the status of the regulatory technical standards on strong customer authentication and common and secure communication under PSD2.
ECB finalises user requirements for future RTGS services: On February 2018, the ECB published the user requirements documents relating to the Eurosystem’s future real-time gross settlement services, following approval of the TARGET2-T2S consolidation project in December 2017.