fscom News and Events

Handling Complaints and Vulnerable Customers in COVID-19

[fa icon='calendar'] 13-May-2020 16:17:19 / by Rachel Stevenson posted in Payment services, Complaints, Payments sector, Covid 19

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Senior NI business leaders to take part in UK Fintech Week Webinar

[fa icon='calendar'] 28-Apr-2020 08:16:42 / by fscom Team posted in fscom News, fintechni, In the Media

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Cross Border Payments Regulation 2

[fa icon='calendar'] 27-Apr-2020 13:29:35 / by Colin Sloan posted in Payment services, Payments sector, CBPR2

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Back to Brexit: Temporary Permissions Regime for EEA firms – Your Key Questions Answered

[fa icon='calendar'] 15-Apr-2020 16:28:48 / by Alison Donnelly posted in BREXIT

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Brexit talks, which had been postponed due to the pandemic, are to be reconvened today with European Union and British negotiators attempting to salvage the very tight schedule they had set themselves to agree a deal.

An estimated 301 EEA payment and e-money institutions operate in the UK. Below, we set out the key implications to these firms of the transitional period, the Temporary Permissions Regime and we have set out, in an easy to follow question and answer format, what the implications of the deal will be for those offering payment services to UK customers.

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SM&CR – The Regulators’ Expectations of Firms

[fa icon='calendar'] 08-Apr-2020 15:05:20 / by Jamie Cooke posted in E-money, FCA, Payment services, Covid 19

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The FCA last week published a statement in which they set out their expectations of solo-regulated firms operating under the ongoing strain of COVID-19. While emphasising the need for ever-adaptive governance arrangements in the face of an evolving challenge, the FCA have clarified that no single Senior Manager is expected to assume responsibility for a firm’s coronavirus response. In addition to this and regarding dual-regulated firms, a joint statement released by the FCA in collaboration with the PRA demonstrated the regulators’ intention to assume a more flexible approach under the current circumstances.

 

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Is your zoom video conference as private as you think?

[fa icon='calendar'] 02-Apr-2020 14:44:57 / by Simon Whittaker posted in Cybersecurity, Covid 19

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With my NICyber hat on last week I helped run a webinar about the new challenges facing us all in this new normal that we now find ourselves. In this post, I will share some additional thoughts about some best practices for video and screensharing tools.

 

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Homeworking – top tips for adapting to the shift in workplace dynamics

[fa icon='calendar'] 30-Mar-2020 14:08:47 / by Brona Cathcart posted in fscom News, Company news, Covid 19

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fscom’s Head of People, Brona Cathcart shares her insights into how the fscom team have been adapting to the shift in workplace dynamics over the past two weeks and her top tips for a productive and connected workforce.

 

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Bank of England announces supervisory and prudential policy measures to address the challenges of Covid-19

[fa icon='calendar'] 25-Mar-2020 10:40:57 / by Jamie Cooke posted in Payments sector, E-money sector, Covid 19, Investments

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As a result of the unprecedented Covid-19 outbreak, The Bank of England (BoE) and Prudential Regulation Authority (PRA) have announced several measures seeking to reduce potential operational stresses on both PRA-regulated firms and Bank-regulated financial market infrastructures to allow them to continue providing crucial functions essential for the economy.

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Capital Stress Testing

[fa icon='calendar'] 19-Mar-2020 12:50:37 / by Colin Sloan posted in Payments sector, E-money sector, Covid 19

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I delivered a training session on capital adequacy last week. The irony of delivering the session on the cusp of such a capital-stressful situation was clear to all in the room and many subsequent conversations focused on the steps that these payment and e-money institutions were, and would be, taking to deal with the crisis.

In a blog last week, our Managing Director, Jamie Cooke, commented on the business continuity measures that firms should take in light of the pandemic. In this post, I will set out what payment and e-money institutions are doing (and should be doing) as they brace for the pandemic.

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FCA issues statement on Covid-19

[fa icon='calendar'] 18-Mar-2020 16:54:52 / by Jamie Cooke posted in FCA, Payments sector, E-money sector, Covid 19

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In response to the Covid-19 situation, which saw many UK financial institutions enacting their contingency plans, the FCA issued a statement yesterday setting out their expectations on firms.   

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