The European Banking Authority outsourcing guidelines came into effect on 30 September 2019. They are more prescriptive than the previous guidance and have a broader scope, applying to payment and e-money companies for the first time.
Despite August being the height of the holiday season, central bankers at the ECB have found the time to issue a newsletter calling on banks supervised under the Single Supervisory Mechanism to step up their Brexit preparations.
The FCA has sent a Dear CEO letter to payment firms requiring them to review their safeguarding arrangements for customer funds and to attest to compliance.
IOSCO has published a consultation on the supervision of platforms which trade crypto-assets.
2019 will see the defragmentation of the country’s banking laws.
Weighing an uncertain outcome, Luxembourg adopts two bills ensuring the financial stability of the financial sector.