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EU payments reforms and Central Bank of Ireland supervisory overhaul: preparing payment and e-money firms for IPR, PSD3/PSR1 and safeguarding expectations

Published on: 03 March 2025

Published by a LexisNexis Ireland - Banking & Financial Services expert
Legal News
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Article summary

Balancing innovation, expansion and regulatory adherence is rarely straightforward. With supervisors intensifying their oversight and supervision of payment and e‑money firms, Arthur Cox stands ready to help you to ‘move fast and fix things’.

Move Fast: A shifting paradigm

Experience repeatedly shows that adopting a ‘move fast and break things’ mindset can carry hefty financial consequences. As Frei and Morriss (2023) note in Move Fast & Fix Things: The Trusted Leader’s Guide to Solving Hard Problems, the most effective leaders tackle problems at speed while taking responsibility for the outcomes and well-being of their customers, employees and shareholders; they move fast and fix things.

As regulators strive to keep pace with relentless innovation across financial services and fintech, payment and e‑money firms should anticipate a more sophisticated and technologically advanced approach to regulatory supervision and scrutiny. To prepare, we have outlined some of the key shifts and developments that these types of firms should expect to encounter over the next twelve months. In preparation for this landscape, we have set out the principal changes and developments firms should expect to see over the coming year.

New payment directives and regulations

A range of new directives and regulations will come into...

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