OPEN BANKING AND PSD2
The rapid technological advancements in the financial sector have paved the way for a new landscape in banking: Open Banking. Driven by regulations like the EU’s Payment Services Directive 2 (PSD2), Open Banking aims to offer consumers more choice, encourage innovation, and enhance competition among service providers. However, this landscape brings a set of complex legal challenges ranging from data protection and compliance to intellectual property and antitrust considerations.
This advanced law course offers an in-depth exploration of Open Banking and its regulatory framework, particularly focusing on the PSD2. Aimed at legal & finance professionals, policy-makers, and academics, this course delves deep into the nuances of Open Banking’s legal environment and aims to equip participants with the critical tools to navigate this emerging field.
Course Objectives
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To provide an in-depth understanding of the legal frameworks underlying Open Banking and PSD2.
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To explore the policy objectives driving the development and implementation of Open Banking.
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To critically assess the risks and challenges, particularly legal, associated with Open Banking.
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To develop an understanding of the intersection of law with technology, privacy, and competition in the financial sector.