The PSD3/PSR package marks a major evolution of the European payments regulatory framework, replacing PSD2 with a more robust and harmonised approach to consumer protection, open banking, and fraud prevention. As a Directive and a directly applicable Regulation, it introduces a new level of consistency across EU member states — making it particularly impactful for Luxembourg-based payment service providers and financial institutions.
Designed by Arendt Institute experts closely following regulatory developments and enforcement trends, this training offers a concise and practical overview of the new framework, with a strong focus on fraud prevention and liability. It equips participants with the insights needed to understand the key changes, anticipate operational impacts, and make informed decisions in an increasingly demanding regulatory environment.
About the training session
Objectives
- Understand the scale and drivers of fraud in the EEA, and identify the main trends impacting payment service providers and financial institutions
- Navigate the PSD3 / PSR framework, including its structure, key concepts, and expected legislative timeline
- Identify the core components of the Enhanced Fraud Prevention Framework, and assess how these requirements affect current internal controls and processes
- Assess the new liability regime under the PSR, with a clear view of risk allocation between payment service providers and customers
- Apply regulatory concepts to practical situations, through the analysis of real-life fraud cases and enforcement examples
- Evaluate trade-offs between fraud prevention measures and customer experience, and support balanced decision-making at operational and strategic levels
- Understand the implications for directors and senior management, including governance responsibilities, oversight expectations, and potential exposure to liability
Content
- Fraud losses in the EEA
- PSD3 / PSR: overview and legislative timeline
- Enhanced Fraud Prevention Framework (PSR): main provisions
- New liabilities under the PSR Framework: summary
- Examples from actual cases
- Balance between security and customer experience
- Liabilities of directors
Target audience
Compliance officers and AML/CFT specialists, Director, Risk management professionals, Payment/operations teams (PSPs, banks, fintechs), legal and regulatory affairs teams, internal audit and control functions, product and customer experience teams, directors
For more information please contact us by e-mail at institute@arendt.com