On 8 August 2025, the Financial Conduct Authority (FCA) published Feedback Statement 25/4: Design of the Future Entity for UK open banking (FS25/4).
Background
In March 2022, the FCA together with the Payment Systems Regulator, Competition and Markets Authority and HM Treasury announced the creation of a Joint Regulatory Oversight Committee
On 17 July 2025, the Payment Systems Regulator (PSR) published the figures it uses to calculate the regulatory fees for each PSR fee payer in 2025/26. The PSR publishes a similar document each year to provide the updated figures. Further information regarding the way the PSR collects and allocates its fees can be
On 26 June 2025, the Financial Conduct Authority (FCA) published its findings following a multi-firm review of risk management and wind-down planning at e-money and payments firms.
Key finding
The FCA’s key finding following the review is that risk management frameworks and wind-down plans in firms remain underdeveloped.
None of the firms the
On 8 April 2025, the Bank of England (BoE) published its response following its discussion paper on reviewing access to Real-Time Gross Settlement (RTGS) accounts for settlement.
In its response the BoE provides its comments on the feedback it received to its discussion paper which encouraged respondents to think strategically about
On 19 February 2025, the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) published a feedback statement, FS25/1, on big tech and digital wallets.
Background
The FCA and PSR published a call for information in July 2024 on the benefits and risks that digital wallets bring to people
On 19 February 2025, HM Treasury (HMT), the Financial Conduct Authority (FCA) and the Bank of England (BoE) confirmed that they support the industry recommendation to move to T+1 settlement in UK markets by 11 October 2027, as set out in the Accelerated Settlement Taskforce Technical Group’s report published
On 6 February 2025, HM Treasury published an implementation plan for the UK’s transition from T+2 to T+1 securities settlement, produced by the Accelerated Settlement Taskforce (AST) Technical Group.
Background
The AST was created to explore the potential for faster settlement of securities trades in the UK. It published its report in
On 4 February 2025, the Payment Systems Regulator (PSR) published a policy statement on its new compliance monitoring framework, setting out how it will monitor compliance and identify non-compliance.
Background
In a thought piece accompanying the policy statement, the PSR flags that it has been busy in recent years with several important new
On 3 February 2025, the Financial Conduct Authority (FCA) published a portfolio letter to payments firms, setting out its priorities for supervision and its expectations of those firms.
The letter applies to firms authorised or registered under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, such as payment institutions