In this blog, Greg James simplifies the questions and answers provided by the EBA in their seven new Q&As on strong customer authentication and helps you to understand the impact, starting with those he believes are most consequential.
fscom, one of the leading compliance firms for the regulated sector in the UK and Ireland is continuing to expand its Payments Team with the appointment of a new senior manager, Dipesh Patel.
In this blog, Fred McDowell, Senior Manager within the fincrime team in fscom, outlines the key changes in the 6th Anti Money Laundering Directive (6AMLD) and what it means for regulated firms in both the UK and the EU.
In this blog, Managing Director Jamie Cooke, who leads up the investments team in fscom shares his thoughts on the Brexit deal, the current situation facing financial institutions in the UK and what the agreement could mean for the future of the UK’s access to EU financial markets.
In mid-December, the FCA issued a consultation paper (CP20/24) in which it set out the basis for the rules it intends to apply to the prudential requirements for UK investment firms authorised under MiFID II.
Yesterday, the FCA published survey results that will not have surprised many in the sector. As at the end of October 2020, 4,000 financial service firms were identified with low financial resilience, with the Payments & E-money sector having the lowest proportion of profitable firms.
Certainly, this past year has brought many challenges for us all, and the picture for the sector, from what we see, is a mix bag of fortunes with some clients doing very well and others feeling the financial realities too keenly.
In this blog, fscom’s operational and security expert, Greg James takes the time to answer all your key questions in relation to REP018 – the operational and security risk assessment that all payment service providers (PSPs) must submit to the regulator at least once a year.
Yesterday HM Treasury issued a consultation on a proposed special administration regime for insolvent payment and e-money institutions.
Speed is clearly of the essence for the government as the statutory instrument was passed following only informal consultation with trade associations (and only comes into force next week). This consultation is on the regulations and will close in six weeks’ time on 14 January. The rules of the regime will be published in a fortnight’s time and will be subject to consultation until 28 January.
Within this blog, fscom’s Managing Director, Jamie Cooke discusses SM&CR, the revised timelines and shares a simple guide to certifying staff under the Senior Manager and Certification Regime.