The EMA submitted a response to the House of Commons Treasury Committee inquiry on Economic Crime.
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Electronic Money Association
The Electronic Money Association is the European trade body for electronic money issuers and payment institutions.
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We have published two calls for views exploring greater protections for everyone using payment systems: one relating to the protections against APP scams, and the other looking more broadly at consumer protection in interbank (bank-to-bank) payments. https://bit.ly/2MVV8OO
We are consulting on ways to reduce risks to the successful renewal of the UK’s interbank payment systems.
You can read the publication here – https://bit.ly/3rhna5S
Please send your comments to PSRNPA@psr.org.uk.
#payments #regulation
https://youtu.be/h2O2v9m3_p4
We’re also consulting on changes to our approach to regulating payments and e-money firms, including changes to support innovation and competition in the sector.
Read and respond by 30 April 2021.
https://www.fca.org.uk/publications/consultation-papers/cp21-3-changes-sca-rts-and-guidance-payment-services-and-electronic-money-our-approach-and-perimeter