Financial Services: Regulation — Written Question

Question

Mike Wood

Conservative — Kingswinford and South Staffordshire

To ask the Chancellor of the Exchequer, with reference to the Prime Ministers' press release entitled, Regulator axed as red tape is slashed to boost growth, published on 11 March 2025, whether (a) services and (b) offices are shared between the Payment S

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’ ...

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