Call risk and PSD2: Difference between pages

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The risk to a lender/investor from the potential calling - for early redemption - of a callable bond.
Payment Services Directive 2 (EC Directive 2015/2366).
It gives the investor the unexpected problem of re-investing their money returned early. 
 
Sometimes written Payment Services Directive II (PSD II).
 
 
Under PSD2 banks were required to comply with the relevant technical standards for Strong Customer Authentication by 14 September 2019.
 
 
PSD2 repealed EC Directive 2007/64/EC
 


So if interest rates have fallen the investor will receive a lower than expected return, for the unexpired term of the original (callable) bond.


== See also ==
== See also ==
* [[101 call protection]]
* [[iDEAL]]
* [[Call]]
* [[Open banking]]
* [[Call protection]]
* [[Payment Services Directive]]
* [[Callable bond]]
* [[Payment Systems Regulator]]
* [[Hard call protection]]
* [[Payments and payment systems]]
* [[Make whole clause]]
* [[Single Euro Payments Area]]
* [[Soft call protection]]
* [[Strong Customer Authentication]]
* [[Spens clause]]
 
 
 
==External link==
[https://ec.europa.eu/info/law/payment-services-psd-2-directive-eu-2015-2366_en Payment services (PSD 2) - Directive (EU) 2015/2366]
 
[[Category:Compliance_and_audit]]
[[Category:Manage_risks]]

Revision as of 06:00, 27 June 2022

Payment Services Directive 2 (EC Directive 2015/2366).

Sometimes written Payment Services Directive II (PSD II).


Under PSD2 banks were required to comply with the relevant technical standards for Strong Customer Authentication by 14 September 2019.


PSD2 repealed EC Directive 2007/64/EC


See also


External link

Payment services (PSD 2) - Directive (EU) 2015/2366