Financial Conduct Authority and Payment Systems Regulator: Mergers
Commons · Question 38030 · Tabled 13 Mar 2025 · Treasury · Official record
Answered 19 Mar 2025
Question
Asked by Mark Garnier
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of merging the Financial Conduct Authority and the Payment Systems Regulator on costs to the Exchequer.
Answer
Answered by Emma Reynolds, 19 Mar 2025
The Payment Systems Regulator (PSR) has carried out important work to support the UK’s world leading payments sector. However, moving forward, the Government wishes to see a more streamlined regulatory environment with minimal overlap between regulators’ ...