General Data Protection Regulation (GDPR)

EXECUTIVE SUMMARY The official EU General Data Protection Regulation website declares that the GDPR is ‘the most important change in data privacy regulation in 20 years.’ After four years of preparation and debate the GDPR was finally approved by the EU Parliament on 14th April 2016. It will directly enter into force in all Members...

Money Market Funds Regulation (MMFR)

EXECUTIVE SUMMARY It has been recognised by the G20 and the Financial Stability Board that money market funds pose a potential systemic risk to the global economy. The Money Market Funds Regulation (MMFR) is the EU response to this risk assessment. It is a broad set of new regulatory measures that apply to money market...

Payment Services Directive – II (or PSD2)

EXECUTIVE SUMMARYEXECUTIVE SUMMARY In plain terms, PSD2 seeks to improve the existing EU rules for electronic payments. The text reflects recent developments seen in internet and mobile payments. In particular, the directive sets out rules concerning: strict security requirements for electronic payments and the protection of consumers' financial data, guaranteeing safe authentication and reducing the...