March 2017
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Bringing together key policymakers and stakeholders from across the financial services sector, this conference discussed the future for payments policy and regulation in the UK.
Delegates assessed the future of proposals set out in the European Commission’s revised Directive on Payments Services (PSD2) - particularly relating to the UK’s position in light of the EU referendum - following the publication of the European Banking Authorities finalised Regulatory and Technical Standards on passporting under PSD2. The seminar also considered the impact of the Financial Conduct Authority’s current consultation on the guidance provided to firms in complying with the future payment services regime.
Sessions focused on next steps for facilitating innovation and competitiveness across payments markets, whilst also ensuring adequate safeguards for consumers - particularly in terms of payment security and tackling financial fraud. Delegates also had the opportunity to consider latest challenges in developing competitiveness in UK payments infrastructure, in light of the Payment System Regulator’s ongoing market studies on indirect access and ownership of payments systems.
Speakers and other delegates at this conference were a senior and informed group including Members of both Houses of Parliament, senior UK and European officials, together with academics, banks, building societies, charities, commentators, consultants, consumer groups, infrastructure providers, intermediaries, lawyers, merchant acquirers, money remitters, payments service users, payments system operators and technology firms, as well as members of the national and trade press.
