All news by: Kelly Sheppard Cyber security - a crucial part of your firm's foundation On 13 January 2018, the revised Payment Services Directive (PSD2) and open banking launched. But what does this mean for financial services firms? Countdown begins for payment services firms On 19 September, the FCA published Policy Statement 17/19 ahead of the implementation of the second Payment Services Directive (PSD2) through the new Payment Services Regulation (PSR 2017) and revised Electronic Money Regulations (EMR). Brexit contingency planning alert Banks, insurers and designated investment firms undertaking cross-border activities between the UK and the rest of the EU need to provide the Prudential Regulation Authority (PRA) with information on their Brexit contingency plans by 14 July.