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The Eurozone banking system will have to gear itself up this autumn to take over the supply of credit from the Eurosystem, as the Eurosystem’s version of QE - called Asset Purchase Programmes – is wou...
New Payment System Operator never fails to disappoint in terms of its governance and processes. Three Victor Meldrew moments in one week – that is a new record. Firstly we have an announcement that Lo...
Turkish bank Non-Performing Loans (“NPLs”) will soon be reaching World Class levels, even if the bar has been set very high by the banking systems of Greece and Cyprus: only NPL levels of 40-45% of to...
New Payment System Operator (“NPSO”), the organisation charged with delivering the UK’s New Payments Architecture (“NPA”) and the “End User Needs” services dependent upon it, seems to be backing away ...
NPSO Report & Accounts for the period from its foundation on 18th July 2017 until 31st December 2017 show Directors' Remuneration at £229,469, with the highest-paid director receiving £93,333. Thi...
The sponsor of Project Carlton has signed off on the intial research and endorsed that it be shared for validation with five or six interested parties. The research plots the ministrations towards the...
Two weeks ago, in a blog here on Finextra, we stated that our company had obtained initial funding and support for a project to design a new suite of UK payment services, to set against those being im...
There was an lol for me today, thanks to an article in the Cyprus Business Mail announcing that Non-performing loans (“NPLs”) in the Cypriot banking system had fallen in March 2018 by almost €2.1bn to...
We just sent the third and final call in our series to the Wolfsberg Group, this time regarding the “Country Risk – Frequently Asked Questions” that Wolfsberg issued in March 2018. We are asking that ...
The UK’s New Payment System Operator is well adrift of the problems facing UK payment service users (e.g. lack of access to free ATMs, high fees on card payments for merchants, dwindling cash collecti...
This letter is now public on the www.parliament.uk website, under /documents/commons-committees/treasury/Correspondence/2017-19/ This file name is visa-charlotte-hogg-040618.pdf Some tough questions t...
We have issued another call to Wolfsberg Group, this time to make major changes to the section in their Payment Transparency Standards 2017 on “On behalf of” payments, and the related Virtual Accounts...