Just when you thought it was safe to go on holiday, the Treasury let's slip that it will begin a 6 week consultation on transposing PSD2 in August, which is a bizarrely short time frame and awkward time of year, given the issues and scale of uncertainty involved.
Kind of makes it tough to engage with clients, and for clients to engage the right management and staff internally.
Maybe that's the point?
Meanwhile:
- the FCA has just called for input on crowdfunding proposals;
- the FCA also chose August to publish its final policy statement on the Payment Accounts Regulations; and
- the CMA is about to publish its final report into competition in retail banking.
At this rate, we'll have between Christmas and New Year to consider the regulatory implications of Brexit.
