Royal Bank of India Rewrites The Payment Aggregator Rulebook

On September 15th, the RBI issued the new Payment Aggregation Directions, reshaping the rules for online, cross-border, and now offline aggregators. The framework tightens merchant KYC, narrows settlement options, and requires a direct PA–merchant relationship. It also clarifies cross-border flows and multi-PA transactions, with the goal of making payments more transparent and traceable. Our fintech team unpacks the rules and the ripple effects. Settle in.

On Monday, the Reserve Bank of India (RBI) issued new Payment […]

By | August 20th, 2025 ||

Irish Central Bank Provides Clarification On Certain Requirements Applicable To QIAIFs

On 7 March 2025, the Central Bank of Ireland (Central Bank) published a revised version of its AIFMD Questions & Answers (Q&A).

In the Q&A, the Central Bank has provided clarity on the ability of an Irish QIAIF to act as guarantor for third parties as well as providing guidance on the scope of two of the existing rules imposed by it on Irish domiciled loan-originating AIFs.
What clarification has been provided by the Central Bank on the […]

By | August 9th, 2025 ||

The FCA’s Developing Approach To Nonfinancial Misconduct By Individuals In The Financial Services Sector

In July, the United Kingdom (UK) Financial Conduct Authority (FCA) published a Consultation Paper and Policy Statement (CP25/18) on tackling non-financial misconduct in financial services. There are two components:

The Policy Statement sets out final rules effective 1 September 2026 amending the Code of Conduct sourcebook (COCON) to more clearly provide that non-financial misconduct (NFM) such as bullying, harassment and violence in the workplace may be within the scope of the conduct rules for non-banks. […]

By | July 30th, 2025 ||