All articles by Michael Burkie

Many banks unprepared as PSD looms

Many smaller and mid-tier European banks are struggling to meet the requirements of the European Unions Payments Services Directive to be implemented on 1 November Michael Burkie of Bank of New York Mellon examines what banks in this situation can do to resolve this significant challenge. The European Unions (EU) Payment Services Directive (PSD) becomes a reality on 1 November, putting regulatory compliance back to the top of banks to-do list