Written Question·Treasury·UIN 38030

Financial Conduct Authority and Payment Systems Regulator: Mergers

Tabled: 13 March 2025

Answered: 19 March 2025

Named Day

Question

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

Emma Reynolds

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’ ...

ⓘ

This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 38030) →