Since 25 May 25 2018, credit institutions have had to appoint a Personal Data Protection Officer (DPO) to comply with the European Regulation on the Protection of Personal Data (GDPR). This new function is part of the rapid development of new technologies and associated usages, but also of control authority’s determination to install a central player within organizations in the implementation of the new data governance.
The Annual Report of the “Observatory for Payment Card Security” for the financial year 2017 published by Banque de France on Tuesday, 10 July 2018 (in French), intends this year to provide operational insights on PSD2 regulation, which entered into force on 13 January 2018 and the set of RTS rules to be applied by latest on 14 September 2019.
In doing so, it contradicts some ideas commonly received. What needs to be retained?
Circulars related to the payment institution status have been published recently by Al-Maghrib Bank and specifies the details of implementation of the “banking law” dated 5 March 2015 in Morocco.
1 – What does it mean?
It’s a new payment instrument available 24/7/365 and resulting in the immediate or close-to-immediate interbank clearing of the transaction and crediting of the payee’s account with confirmation to the payer. (Definition of the Euro Retail Payment Board (ERPB)
Jonathan Hill, former European Commissioner, took stock of his achievements on 12 July, during a speech at the Bruegel Institute. He drew up the work carried out during his mandate as Commissioner for Financial Stability, Financial Services, and Capital Markets (FISMA) and detailed upcoming challenges for the institution.