What is the Revised Payments Legislative Package?
In response to the fast growth of the payment services market, the European Commission issued a Revised Payments Legislative Package.
This seeks to ensure the EU’s financial sector is fit for purpose and capable of adapting to the ongoing digital transformation, and the risks and opportunities it presents – in particular for consumers.
The package comprises a draft version of the Payment Services Directive (PSD3) and a Payment Services Regulation (PSR). This package will replace the PSD2 and the Electronic Money Directive.
Authors
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Dwayne Price Dwayne joined Grant Thornton in 2016 as partner to head our Regulatory Advisory Services offering. Dwayne leads the firm’s risk and regulatory offering focusing on Quantitative Risk Advisory, Regulatory Risk and Strategy, and Regulatory Support services.View Profile -
Frankie Cronin Frankie is a Partner in Grant Thornton’s Advisory practice and leads the dedicated Business Risk Services team.View Profile -
Anne Marie Flynn Anne Marie is an experienced Regulatory and Risk leader with over twenty years experience. Anne Marie supports clients across different financial services sector in meeting their obligations and leads out the asset management practice within Prudential Risk.View Profile -
Kevin Coleman Kevin is an established regulatory and risk leader with over 21 years’ financial services regulation and risk experience. Kevin leads our financial services consulting offering in conduct and prudential risk and has worked on all sides of the table as a former banker, leading advisor and as a former senior regulator.View Profile