The European regulatory agenda on payments is driving major industry change
On 24 July, the European Commission published longawaited proposals on the payments market in Europe, consisting of three elements: a revised Payment Services Directive (PSD), a regulation on Multilateral Interchange Fees (MIF) and a communication on SEPA governance.
These sit alongside other regulations including transparency of information for Anti-Money Laundering (AML) and sanctions, the proposal for a directive on the transparency and comparability of payment account fees, payment account switching and access to basic payment accounts. This broad regulatory agenda continues to
provide compliance challenges for the financial services sector and impact increasingly on corporates and consumers.
Inside magazine issue 3, February 2014
Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.
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