Vixio LinkedIn Live: A Regulatory Roundup of February's Payments News

Our Vixio Live series is your monthly window into the complex world of compliance and regulations, where our experts use our Horizon Scanning tool to review the biggest regulatory changes that have happened during the previous month.In this episode, Vixio experts Luke Baker, Jimmie Franklin, and Prasa Thandapani examine the regulatory updates across various regions in January 2024.In the UK, the FCA delivered a speech on Consumer Duty, which highlighted the solid progress made by firms and the approaching July 31st deadline for closed products and services.In the EU, Malta’s MFSA published their responses to a recent consultation on the implementation of DORA for Maltese entities and clarifies many points around who is in scope and makes no bones about the fact that the date of applicability of DORA is most certainly January 2025.In Nigeria, the Central Bank of Nigeria (CBN) announced major changes to its international money transfer rules on January 31, which it said aim to stabilise the currency.