Search Results for "N/A — Industry-wide"
3 results for "N/A — Industry-wide"
Regulatory Actions 3
N/A — Industry-wide guidance
The FCA published Policy Statement PS25/12 on August 7, 2025, introducing strengthened safeguarding rules for authorized payment institutions and e-money institutions, effective May 7, 2026.
N/A — Industry-wide
The FCA published strengthened safeguarding rules (PS25/12) effective August 2025 for authorised EMIs, payment institutions, and small EMIs to protect client funds in the event of firm failure. Interim compliance measures take effect May 2026.
N/A — Industry-wide joint statement
The OCC, Federal Reserve, and FDIC jointly issued a statement on July 25, 2024, highlighting risks in third-party arrangements for bank deposit products and services. The statement emphasizes that banks retain full accountability for consumer protection, financial crimes prevention, and safe/sound practices despite outsourcing to fintechs.