Around 50 London-based banks have approached eurozone banking regulators about relocating key services, with dozens of banks in "advanced talks" with the European Central Bank over moving operations to the European mainland, reports dw.com. Daniele Nouy, the ECB's head of banking supervision, told eurozone finance ministers meeting in Brussels that 20 financial services providers had already applied for a eurozone banking licence, but voiced concern that some international banks were relying too much on the idea they could set up "empty shell" subsidiaries on the continent while keeping most of their operations in London. UK banks may find themselves reimbursing consumers who are victims of APP "push payment" scams. Victims conned into transferring money by bank transfer currently have no legal right to get their money back from their bank. Following a campaign by consumer group Which, the UK Payment Systems Regulator (PSR) says it is working on a model to reimburse victims that may shift the onus of liability back onto the banks, reports finextra. A Financial Conduct Authority review of the way banks handle APP scams found their procedures were inconsistent, their existing fraud detection systems could not easily detect APP scams and they didn't collect enough data. The PSR initially sided with the banks, but now says it will begin consultation on a 'contingent reimbursement model'.