😱 United Kingdom🇬🇧: Government Considers Merging Payment Systems Regulator with FCA

😱 United Kingdom🇬🇧: Government Considers Merging Payment Systems Regulator with FCA

The UK government is considering merging the Payment Systems Regulator (PSR) with the Financial Conduct Authority (FCA) as part of a plan to streamline government structures.

🔵 Although the PSR operates independently, it shares many services with the FCA, raising questions about whether both entities need to remain separate.

🔵 This reform follows other recent measures, including the dismissal of the Competition and Markets Authority chair in January and the resignation of top executives from the Financial Ombudsman Service.

🔵 An official decision on the PSR's future is expected in the coming weeks.

#news #Europe

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