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.
Where things stand two months since MiFID 2, which includes MiFIR, came into effect.
Financial data is one of the most attractive data sets for hackers, so financial institutions are at a high risk of being attacked.
The DES project envisages supervision as a “pre-emptive and collaborative tool” using established project methodology including milestones and deadlines.
The European Commission at long last adopted the RTS on Strong Customer Authentication under PSD2.
The UK Senior Managers and Certification Scheme is to be extended in 2018 to cover most FCA-regulated firms.