> The UK will definitely continue to have open banking.
As discussed elsewhere in this thread, this requires a definition of "open banking" which is separate from PSD2 and not what the phrase commonly meant until now. The distinction isn't between "open banking" and "cross-border banking" - the distinction is between:
* PSD2 compliant "open banking" between TPPs and ASPSPs,
* Some banks in the UK must have APIs "open banking".
Up until January 1st, the phrase "open banking" referred to the former. The latter may become accepted as the definition in the UK, but it is materially different to the original meaning.
As discussed elsewhere in this thread, this requires a definition of "open banking" which is separate from PSD2 and not what the phrase commonly meant until now. The distinction isn't between "open banking" and "cross-border banking" - the distinction is between:
* PSD2 compliant "open banking" between TPPs and ASPSPs,
* Some banks in the UK must have APIs "open banking".
Up until January 1st, the phrase "open banking" referred to the former. The latter may become accepted as the definition in the UK, but it is materially different to the original meaning.