Written Question·Treasury·UIN 38031
Financial Conduct Authority and Payment Systems Regulator: Mergers
Tabled: 13 March 2025
Answered: 19 March 2025
Named DayQuestion
Mark Garnier
Conservative — Wyre Forest
To ask the Chancellor of the Exchequer, what estimate her Department has made of the cost of merging the Financial Conduct Authority and the Payment Systems Regulator.
Answer
Emma ReynoldsThe 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’ ...
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