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The Payments Newsletter including Digital Assets & Blockchain, May/June 2023

The Payments Newsletter including Digital Assets & Blockchain, May/June 2023
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United kingdomAbu dhabiAbuz abyUnited arab emiratesCity ofNew zealandUnited statesSouth koreaHong kongEl salvadorSouth koreanHong kong fintechSarah pritchardEthereum sepoliaPat toomeyHogan lovell hong kong

Joint Regulatory Oversight Committee (JROC) Sets Out Steps To Support UK Open Banking Adoption

The Joint Regulatory Oversight Committee (JROC) has aimed "to take forward recommendations for the next phase of open banking in the UK."

United kingdomChris hemsleyEntity working groupRegulatory oversight committeeBanking limitedJoint regulatory oversight committeeOpen banking limitedSheldon millsOpen banking implementation entityFuture entityPay united kingdomFaster payments

Open banking regulator sets out next steps

Plans for ongoing evolution of the UK open banking sector have been set out by regulator in bid to grow the open banking sector in a ‘safe, scalable and economically sustainable way’.

United kingdomFinancial conduct authorityPayments service regulatorBanking limitedRegulatory oversight committeeJoint regulatory oversight committeeOpen banking implementation entityOpen banking implementationDigital economyMarkets authorityOpen banking limited

Open banking use to increase 470% in next four years, driven from Europe

Europe is leading the surge in the take-up of API based open banking services, according to Juniper Research

United kingdomNick maynardEu payment services directiveBanking limitedJuniper researchMarkets authorityServices directiveOpen banking limited

Global Payments Newsletter, April 2023 | Hogan Lovells

Key developments of interest over the last month include: the UK FCA’s publication of a portfolio letter to payments and e-money firms; the U.S. Federal Reserve announcing the July 2023.

United kingdomUnited statesBelgisch staatsbladRoyal assent of the financial servicesBelgian financial servicesFederal reserveDigital currency monetary authorityEconomics committee of the national assemblyInternational monetary fund spring meetingsDigital exchangeEconomics committee of national assemblyHome affairsFinancial action task forceFednow serviceUs bankEuropean union

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