For member meeting materials/ briefing notes/ registration, click here

The PIF Legal & Regulatory Working is focused on helping to ensure members can be clear on their obligations to consumers and industry regulators, developing guidance and advocating for industry-positive policy. The upcoming session features fresh perspectives on the road ahead for Open Banking from David Monty, CEO of and Mark Beresford, a Director with Edgar, Dunn & Company

Thursday, 13 July | Open Banking and the Trust Imperative | A new reimbursement requirement | Consumer Duty - the final countdown | PSD3 and PSR1 

PIF Members Only | 1:00 PM to 2:30 PM BST


Open Banking and the Trust Imperative 

The Joint Regulatory Oversight Committee has set out a strong and positive vision for the future of open banking in the UK. But its success depends on several factors, such as the availability of open banking-enabled products and services, the level of competition and innovation in the industry, the ability of industry to cultivate partnerships and work in tandem with regulators, and the willingness of consumers to adopt open banking payments. This session will explore trust as a key driver for the adoption and success of open banking in the UK, and the role of industry as a key enabler. David Monty and Mark Beresford will offer fresh perspectives on how the industry can unlock the full potential of open banking, nurture its growth and ensure the end user/consumer truly believes in what the industry is doing.

A new reimbursement requirement 

In June, the Payment Systems Regulator (PSR) introduced a ‘world first’ reimbursement requirement for all victims of APP scams. To support members’ understanding of the new rules, we are compiling an anonymised list of queries to raise with the PSR including on the approach to multi-step fraud. Members’ input to this session will help to ensure that we can seek and inform additional guidance. 

Consumer Duty - the final countdown 

With under a month to go before the Consumer Duty comes into force, the FCA expects firms to be on course to fully implement the new rules on time. Discussion will focus on the key questions firms need to be asking themselves now to make sure they can comply.

PSD3 and PSR1

The European Commission has published eagerly awaited proposals for the third Payment Services Directive and new Payment Services Regulation. Discussion will focus on key aspects of the draft legislation which is set to reshape the regulatory framework for EU payments.

For member meeting materials/ briefing notes/ registration, click here

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