The Open Banking Implementation Entity (OBIE) has today published its consultation on Confirmation of Payee (CoP) and the Contingent Reimbursement Model (CRM) Code and its implications for open banking payment journeys.

The OBIE welcomes stakeholder views on the CoP / CRM Consultation paper via its online Consultation Survey.

  1. CoP/ CRM Consultation paper
  2. CoP and CRM Proposition paper
  3. CoP CRM Implications for OBIE R/W API Standards

A further Preliminary Analysis paper is also being published, which sets out in more detail the preliminary findings from the consumer research commissioned exploring the effectiveness of warnings. This supplements the summary of findings presented in the Consultation Paper.

The primary focus of our consultation is the content set out in the Consultation Paper. However, we have also produced a Draft Proposition Paper and an outlining of the potential implications for the API specification. We welcome observations on the recommendations set out in these too, via the relevant Confluence Feedback pages detailed below.

Consultation Process

If you experience any issues accessing any of these links, please raise a ticket via the Service Desk Portal (if you have access) or email the and we can organise access.



About the Open Banking Implementation Entity:

The Open Banking Implementation Entity (OBIE) is the entity set up by the CMA in 2016 to deliver Open Banking. Its trading name is Open Banking Limited. OBIE is governed by the CMA and funded by the CMA9 (Allied Irish Bank, Bank of Ireland, Barclays, Danske, HSBC, Lloyds Banking Group, Nationwide, RBS Group and Santander). Its works with the CMA 9, as well as challenger banks, financial technology companies, third party providers and consumer groups.

OBIE’s role is to: