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FIsion Blog

A watching eye on financial services regulation

Open Finance: the FCA consults on its path to transform the financial services market

Following fast on the heels of Open Banking and PSD2, the UK Financial Conduct Authority (FCA) recently published a call for input to explore opportunities and risks arising from open...

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Cash savings: FCA proposes Single Easy Access Rate to tackle price discrimination

The FCA is proposing to reform the easy access cash savings market by requiring firms to set a single interest rate known as "Single Easy Access Rate" or "SEAR" for easy access savings...

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The new EU Whistleblowing Directive – what do UK financial services firms need to know?

On 7 October 2019, the Council of the European Union formally adopted a new Directive on the protection of persons who report breaches of Union law, which will enter into force on 17...

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PSD2: Bank of Italy announces final deadline for SCA migration

The Bank of Italy has issued a communication indicating that 31 December 2020 will be the final deadline to adopt strong customer authentication (SCA) requirements in relation to online...

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New law promoting Russian software on smartphones sold in Russia

On 21 November 2019 the Russian State Duma (lower chamber of the Russian parliament) adopted a new law amending the Federal Law on Protection of Customers’ Rights (the "New Law"). The ...

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