January 2018

On January 24, 2018, the governing body for credit and debit cards, known as the Payment Card Industry (PCI) Security Standards Council, announced a new set of security requirements designed to address an increasingly popular way that merchants offer to consumers to pay for purchases: smartphones and tablets. Our colleague Susan Ross has written a

The FCA has published Thematic Review 18/1:The fair treatment of existing interest-only mortgage customers (TR18/1). In TR18/1 the FCA shares the results of its thematic work in which the regulator examined how lenders were treating customers who have interest-only mortgages. Specifically, the thematic review looked at how lenders are working to help customers

The European Banking Authority (EBA) has published a speech given by its chairperson, Andrea Enria. The speech is entitled Basel III ‘Are we done now?’

Key points in his speech include:

  • the package of reforms that the Basel Committee on Banking Supervision agreed on in December 2017 was a major achievement. Among other

Further to our previous blog post, the provisions of the Companies (Amendment) Ordinance 2018 will take effect on 1 March 2018.

This amendment to the Companies Ordinance (Cap 622) (the Companies Ordinance) introduces new requirements on a company to identify persons who have “significant control” over the company and to maintain certain information about

The House of Lords EU Committee has published a report entitled, Brexit: the future of financial regulation and supervision. Key points of interest in the report include:

  • in agreeing the relationship between the UK and the EU post-Brexit, both sides should favour an end state allowing mutual market access. Fragmentation would lead to costs increasing

The European Banking Authority (EBA) has published a letter from its Chairman, Andrea Enria, to Olivier Guersent, European Commission (Commission) Director-General, DG FISMA, on the status of the regulatory technical standards (RTS) on strong customer authentication and common and secure communication under the revised Payment Services Directive (PSD2