Nov 19

Payment Services – The Way Forward

A seIMG_85123786201669minar entitled “Payment Services – The Way Forward” was organised by Young Entrepreneurs and Leaders – “YEL” (VO/0364) together with the Chamber of Commerce, Enterprise and Industry. The aim behind this seminar was to give a thorough overview of some of the recent developments taking place in the financial services sector namely the area of payments se  rvices. The attendees were mostly representatives from credit and financial   institutions, law firms, professionals specialising in this field.  A discussion regarding developments at EU Level took place with regards the proposal of a second Payment Services Directive  (PSD2), the  implementation  and effects of SEPA Regulation (EU Regulation  260/2012) and the Proposal for a Regulation on Interchange Fees for   card based   transactions   (referred   to   as   ‘MIF’  Regulation).

IMG_85114118405664 Dr. Yana Sammut, a representative of the Financial Services Committee within the voluntary organisation “YEL”, gave an introductory speech which was followed by presentations that were delivered by a panel of speakers namely: Mr. Peter Sant representing the Chamber of Commerce, Enterprise and Industry, Mr. Herman Ciappara representing the Central Bank of Malta, Dr. Glenna Montefort from the Malta Financial Services Authority (MFSA) and Mr. Godwin Mangion representing the Malta Competition and Consumer Affairs Authority (MCCAA).

The speakers explained the scope behind each of these legislative texts, their core features, the main changes that were likely to be brought in the EU market and in the local market including the banking sector in Malta, the impact on consumers and the way forward in addressing any present shortcomings in the local market. The seminar ended with a discussion involving the direct participation of the attendees.

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Permanent link to this article: http://www.yel.org.mt/2014/11/payment-services-the-way-forward-2/

Oct 16

Payment Services: The Way Forward

payment-service

Date: Monday, 17th November 2014

Time: 5.00 p.m.

Venue: The Malta Chamber of Commerce, Enterprise & Industry, 64, Republic Street, Valletta

The aim of this seminar is to give an overview of some of the recent developments that are taking place in the financial services sector namely the area of payments services and will be directed at local credit and financial institutions and other entities/professionals and students specialising in this field. It will focus on current discussions taking place at EU Level regarding the proposal of a second Payment Services Directive (PSD2), the implementation and effects of SEPA Regulation (EU Regulation 260/2012) and the Proposal for a Regulation on Interchange Fees for card-based transactions (referred to as ‘MIF’ Regulation).

This seminar will include a discussion initiated by a panel of speakers explaining the scope behind each of these legislative texts, their core features, the main changes that are likely to be brought in the EU market and in the local market including the banking sector in Malta, the impact on consumers and the way forward in addressing any present shortcomings in the local market.

Below is the seminar programme:

SEMINAR ON RECENT DEVELOPMENTS IN FINANCIAL SERVICES LEGISLATION:
PAYMENT SERVICES DIRECTIVE I & II, SEPA REGULATION & THE REGULATION ON INTERCHANGE FEES

Dr Yana Sammut (YEL) – Introductory Speech

Mr Herman Ciappara (CBM) – SEPA

Dr Glenna Montefort (MFSA) – PSD I & II

Mr Peter Sant (Malta Chamber of Commerce & Enterprise) – PSD I & II, SEPA, Interchange Fees Regulation from a financial services perspective

Mr Godwin Mangion (MCCAA) – PSD I & II, SEPA, Interchange Fees Regulation from a consumer perspective

Question Time/Panel Discussion

This event is free of charge and is open to credit and financial institutions, professionals, students and any other interested parties.

We look forward to hearing from you.

Permanent link to this article: http://www.yel.org.mt/2014/10/payment-services-the-way-forward/

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