Posts Tagged ‘CMA’
CMA issues new July 2022 deadline for VRPs on OBIE’s recommendation
The OBIE wrote to the CMA with the proposed new timetable as it warned that most of the CMA9 would be unable to meet the 31 January 2022 deadline for implementing VRPs for sweeping.
Read MoreUK Open Banking ecosystem ‘mature enough’ for VRPs and sweeping
NatWest’s Stephen Wright said that ‘timing is right’ for the CMA’s mandate, as he spoke on a panel alongside TrueLayer’s Matt Parish, Ordo’s Fliss Berridge and Niamh Greally of Chip.
Read MoreCMA to deliver ‘vision’ for future governance of Open Banking in early 2022
The organisation is working with the FCA and PSR on a ‘joint vision’ now, which is likely to have a more ‘sustainable’ funding model.
Read MoreIndustry poised to commercialise VRPs as soon as banks support them
Token and Open Banking Expo have published the results of their joint survey on VRPs and sweeping, in light of the CMA’s recent decision.
Read MoreOpen Banking Expo to reunite industry at Confex in November
Senior executives and leaders from across Open Banking and Open Finance will be able to gather in London for this year’s event, along with headline partner Token and more than 80 speakers from across the industry.
Read MoreQ&A with Token’s Tim Waller
Open Banking Expo’s Ellie Duncan caught up with Tim Waller, head of legal and policy at Token, to discuss the European regulatory landscape, what the payments industry can do to instil confidence in consumers, and what lessons the UK and EU can learn from Singapore and Hong Kong.
Read MoreCMA gives OBIE green light to mandate VRPs for sweeping
The CMA9 will have six months to implement variable recurring payments, according to a letter from the CMA to the OBIE’s Imran Gulamhuseinwala.
Read MoreNew UK tech watchdog launches
The Digital Markets Unit, which comes under the CMA, aims to create ‘level playing field’ in digital markets.
Read MoreConsultation launched on the future governance of Open Banking
The CMA has launched a consultation on the future governance of Open Banking.
Read MoreDemand increases for Open Banking as user numbers grow to more than two million
Users of Open Banking-enabled products now exceeds two million, doubling in just over six months, despite disruption caused by COVID-19.
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