Bank of England, FCA, PRA and PSR conduct 2024 review of Memorandum of Understanding for payment systems in the UK

News Financial services General Updates

Date: 20th Dec, 2024 Source: Financial Conduct Authority Country: United Kingdom Original Source

Brief

On 12/20/2024, the Financial Conduct Authority issued an update regarding the Bank of England, FCA, PRA and PSR conduct a review of Memorandum of Understanding for payment systems in the UK. The Authorities have committed to revise the MoU by Q2 of 2025 in line with the Government's National Payments Vision (NPV). This revision aims to improve cooperation and sharing of expertise and data between institutions, reflecting the Government's recommendations regarding UK payments.

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Financial Conduct Authority

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Bank of England, FCA, PRA and PSR conduct 2024 review of Memorandum of Understanding for payment systems in the UK

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Bank of England, FCA, PRA and PSR conduct 2024 review of Memorandum of Understanding for payment systems in the UK

Brief

Financial Conduct Authority

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