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Insights and Analysis

Deepfakes and financial fraud: what next for the UK financial sector?

As the global AI arms race intensifies, should financial institutions in the UK be concerned about fraudsters’ recent gains? Answer: yes. Beware “deepfakes”.

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Central Bank of Ireland issues Guidance on authorisation of PIs and EMIs and registration of AISPs

On 9 April 2024, the Central Bank of Ireland (the "CBI") issued guidance on the authorisation of payment institutions ("PIs") and Electronic Money Institutions...

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Payments innovation: Bank of England signals more regulatory and infrastructure changes ahead

A speech by the Bank of England’s Deputy Governor for Financial Stability, Sarah Breeden, at the Innovate Finance Global Summit 2024, considered the implications of new technologies...

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The Payments Newsletter including Digital Assets & Blockchain, April 2024

Key developments of interest over the last month include: the EU’s regulation on instant credit transfers in euro coming into force; the Bank for International Settlements (BIS)...

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New EU Sanctions Reporting Obligations in Force as of 1 May 2024 and 1 June 2024

The new EU notification requirements relating to transfers of funds out of the EU by EU entities with a certain level of direct or indirect Russian ownership enters into force soon. The...

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Payments: East to West

Our cross-border team recently recorded this discussion, looking at some of the most interesting developments in the payments space in Asia and the West. The session focuses on super apps...

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UK Consumer Duty: FCA gives more implementation feedback and some focus areas for closed books work

On 20 February 2024, the FCA published details of recent good practice in Consumer Duty implementation and highlighted areas for improvement. As well as this, the FCA also published the...

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UK: FCA Business Plan 2024/25: a quick guide to the FCA’s key priorities

On 19 March 2024, the FCA published its Business Plan for 2024/25 setting out its planned programme of work for the coming year. The FCA states that it remains resolute in supporting the...

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Central Bank of Ireland consults on a modernised Consumer Protection Code

The Central Bank of Ireland (CBI) is consulting on changes to the Consumer Protection Code 2012 (Code). The proposals look to support effective consumer protection and reflect the changes...

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