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| 1 minute read
Reposted from Linklaters - Financial Regulation Insights

Catch up on our recent payments podcasts

It has been a busy summer for the regulation of payment services in the UK. As well as calling on e-money and payments firms to improve risk management processes, the Financial Conduct Authority has also confirmed the introduction of new safeguarding rules. Catch up on the latest developments by listening to our payments podcasts. 

Risk management: The FCA has shared its findings from a multi-firm review looking at risk management at e-money and payments firms. We pick out the main lessons for firms to learn from the review.

Wind-down planning: As part of the same review, the FCA also concluded that firms’ wind-down plans need more work to be credible. We explain why it matters to have a good quality wind-down plan.

The future of safeguarding: The FCA has set new rules for how payments and e-money firms safeguard customer money. We explain why the FCA is pressing ahead with some proposals but hitting pause on others.

New-look requirements: The new safeguarding rules start to apply on 7 May 2026. After this date it will be easier for the FCA to intervene where e-money and payments firms do not meet its standards for protecting customer money. We pick out some of the key rule changes.

Tags

safeguarding, wind-down, risk management, uk, fintech, payments, consumer duty, podcast