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Immigration Act – status checks for bank account customers

Background From December 2014, the Immigration Act 2014 (IA) prohibited banks and buildings societies from opening a new current account for people who are in the UK but do not...

Written on 14 Nov 2017


Read time 3m

Payments Strategy Forum’s blueprint for a new UK payment system

On 28 July 2017, the UK’s Payment Strategy Forum delivered a blueprint for the future of the nation’s payment system, setting out design and implementation approaches for the construction of...

Written on 14 Nov 2017


Read time 3m

PSD2: The EBA’s standards on strong customer authentication – where are we now?

One of the big changes introduced by the PSD2 is that all payment service providers (PSPs) will have to apply strong customer authentication (SCA) (other than where the EBA permits...

Written on 14 Nov 2017


Read time 10m

PSD2: how will the UK regulators be implementing the new regime?

On 19 September 2017, the FCA confirmed its Handbook changes and revisions to the Approach Document. The policy statement (PS17/19) summarises feedback the FCA received to its consultation papers and...

Written on 14 Nov 2017


Read time 6m

Temporary agency workers: the employment of non-EU citizens in Germany

In the last few years, banks and financial services companies in particular, but also IT companies, have been ramping up their use of contingent workers. This is related to the...

Written on 13 Nov 2017


Read time 1m

Spanish Golden Visa raised €2,157 million in 2016

The Spanish Golden Visa scheme, which came into force in 2013, has recently become one of the most successful, compared to similar visa schemes provided by other EU jurisdictions. Under...

Written on 13 Nov 2017


Read time 1m

How could Brexit affect EU Nationals in the UK?

Since the UK government served its Article 50 notice in March 2017, the Home Office has provided assurances that EU nationals in the UK will not at this stage need...

Written on 13 Nov 2017


Read time 2m

Foreign employers posting employees to Belgium must now appoint a liaison officer

As of 1 October 2017, foreign employers posting employees to Belgium are now required to appoint a liaison officer. The new obligation is as a result of the Act of...

Written on 13 Nov 2017


Read time 2m

LIBOR: end of an era?

On 27 July 2017, the Financial Conduct Authority (FCA) announced that it would encourage a phase out and replacement of LIBOR by 2021 and will cease to use its powers...

Written on 13 Nov 2017


Read time 4m