On 23 April 2026, the Council of the EU published an ‘I’ Item Note (dated 17 April 2026) regarding the draft Payment Services Directive 3 (PSD3) and the Payment Services Regulation (PSR). The Council also published final compromise texts for PSD3 and the PSR. The Note suggests that the Committee
On 21 April 2026, HM Treasury (HMT) published its consultation response in relation to proposals to take a streamlined approach to payment systems regulation.
Background
In September 2025, HMT published its ‘A Streamlined Approach to Payment Systems Regulation’ consultation, seeking views on proposals to abolish the Payment Systems Regulator (PSR) and
In In the latest edition of our global podcast series, Future of Payments, James Morris, Shen Low and Simon Lovegrove take us through some very significant reforms to Australia’s payment services regulatory framework following the publication of four new Bills, including the Treasury Laws Amendment Bill 2026: Payments System Modernisation, and what firms can do
In our latest briefing, we consider the key takeaways for firms under the Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations, which will amend the Payment Account Regulations 2015 and provide greater protection for users of payment services against the termination of those services without sufficient notice or protection. The Regulations will
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
In the first episode of our global Future of Payments mini-series, we are joined by EU colleagues who discuss the Payment Services Directive 3 and the Payment Services Regulation. Together, we explore five key topics that are front of mind for the industry right now – fraud, transparency and consumer protection, supervision, MiCA, and the
On 12 March 2026, the Australian Treasury issued tranche 1 exposure draft legislation intended to modernise the regulatory framework for payment service providers (PSPs).
Background
Several reviews, including the 2021 Review of the Australian Payments System, have found that the regulatory architecture for PSPs in Australia is no longer fit for purpose. Such