Crafty Counsel

    Are the regulators coming? The state of enforcement action in UK payments

    Ben Jasper and Eleanor MatthewsClifford Chance

    Posted 2 months ago

    About

    It’s one thing to know what the regulations say. It’s another to have a feel for what the regulators are doing and taking an interest in.

    Eleanor Matthews (Senior Associate) and Ben Jasper (Senior Associate) talk through the current focus of regulatory enforcement in the Payments sector, looking at the Financial Conduct Authority, Payment Systems Regulator, and Competition and Markets Authority. They cover recent enforcement action, including the European Commission’s action against Apple Payincluding for alleged abuse of a dominant position, and the FCA’s censure of Premier FX for failing to safeguard customer funds and for misuse of its payment accounts.

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