The Payment Systems Regulator (PSR) has named its new managing director, Chris Hemsley.
Hemsley has been acting as co-managing director since April, having joined the PSR as head of policy in November 2018, from previous regulatory work as the deputy director of Railway Markets and Economics and chief economist at the Office of Rail and Road.
Prior to this, the newly appointed PSR managing director led the implementation of the government’s new support scheme for large-scale renewable electricity and, before that, led the Civil Aviation Authority’s work on competition and consumer protection.
The announcement comes after the PSR’s first managing director Hannah Nixon announced her departure from the organisation in February.
Commenting on the appointment, PSR chair Charles Randell said: “Chris has a wealth of experience of the regulatory landscape, and since joining the PSR he’s gained a clear insight into the opportunities and challenges of this industry, which plays a critical role in the economic lives of the UK’s consumers and businesses.”
The incoming managing director highlighted there are major changed underway in how consumers make payments, including how much we are using cash and the renewal of the systems behind most of our electronic payments.
Hemsley said: “I look forward to working closely with consumer groups, industry and government to ensure that the UK has modern, resilient and innovative payment systems.”
Louise Buckley, who has also been acting as co-managing director since April, will resume her role as chief operating officer for the PSR.
Latest News
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories