On 31 March 2026, the Eurosystem issued its payments strategy outlining its vision for the evolution of Europe’s payments amid rapid technological change.
The payments strategy complements the Eurosystem’s cash strategy and extends the Eurosystem’s retail payments strategy by covering wholesale, business-to-business and cross-border payments.
The Eurosystem takes a two-pronged approach to payments: it wants
On 31 March 2026, the Prudential Regulation Authority issued Policy Statement 8/26: Financial Services Compensation Scheme – Management Expenses Levy Limit (MELL) 2026/27 (PS8/26).
In PS8/26 the PRA provides feedback to responses it received to Consultation Paper 1/26 – Financial Services Compensation Scheme – Management Expenses Levy Limit 2026/27 (CP1/26). It
On 30 March 2026, the Financial Conduct Authority (FCA) published Policy Statement 26/3: Motor Finance Consumer Redress Scheme (PS26/3).
In PS26/3 the FCA sets out its final rules and guidance for not one but two industry-wide consumer redress schemes for motor finance customers. It follows an earlier Consultation Paper, CP25/27, which was
On 27 March 2026, the Australian Treasury published for comment an exposure draft of the Corporations Amendment (Ban on Advertising Superannuation Funds During Onboarding) Regulations 2026 (Cth) (draft Regulations). The draft Regulations amend the Corporations Regulations 2001 (Cth) to support the amendments to the Corporations Act 2001 (Cth) made by the Treasury Laws
On 30 March 2026, the German act transposing Directive 2024/1619 (CRD VI) into national law was published. The act is entitled Banking Directive Implementation and Bureaucracy Relief Act (Bankenrichtlinienumsetzungs- und Bürokratieentlastungsgesetz – BRUBEG).
BRUBEG is a comprehensive reform that covers the implementation of the European rules set out in CRD VI
Many thanks to Frankfurt Main Finance and VIB – Association of International Banks in Germany for the opportunity to contribute to this 𝗙𝗼𝗼𝗱 𝗳𝗼𝗿 𝗧𝗵𝗼𝘂𝗴𝗵𝘁 video session!
It was a great discussion about the impact of CRD VI and BRUBEG on third-country banks seeking market access to the EU and Germany.
Here are the
On 26 March 2026, the Department for Business and Trade issued a Policy Paper ‘Smart Data 2035 – The UK’s Smart Data Strategy’.
Under the Data (Use and Access) Act 2025, the government now has powers to require firms to participate in smart data schemes. The Policy Paper sets out the Government’s vision for
On 30 March 2026, the European Banking Authority (EBA) issued a final report containing draft regulatory technical standards (RTS) on amending Delegated Regulation (EU) No 529/2014 supplementing the Capital Requirements Regulation (CRR) with regard to RTS for assessing the materiality of extensions and changes of the Internal Ratings Based
On 30 March 2026, the Financial Conduct Authority issued a press release announcing a new taskforce that will tackle poor handling of motor finance claims by some claims management companies and law firms, after the FCA, Solicitors Regulation Authority, Information Commissioner’s Office and Advertising Standards Authority agreed to join up their efforts. The press release
On 27 March 2026, the European Commission (Commission) issued a press release stating it is taking action against several EU Member States that have failed to notify it of measures they have adopted to transpose EU Directives into their national laws.
The Commission decided to open infringement procedures by sending a letter of