FinanceMagnates
Rapid changes in the payments industry have prompted
UK regulators to reassess their collaboration. The Bank of England, Financial Conduct Authority, Prudential Regulation Authority,
and Payment Systems Regulator reviewed their Memorandum of Understanding (MoU) for payment
systems.According to a statement by the FCA, the regulators
identified opportunities to strengthen cooperation and align with the
government’s National Payments Vision…
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FCA and Bank of England Prioritize Payment Systems in Revised MoU
Jared Kirui
19:24
Rapid changes in the payments industry have prompted UK regulators to reassess their collaboration. The Bank of England, Financial Conduct Authority, Prudential Regulation Authority, and Payment Systems Regulator reviewed their Memorandum of Understanding (MoU) for payment systems.According to a statement by the FCA, the regulators identified opportunities to strengthen cooperation and align with the government’s
