The Payment Systems Regulator (PSR) is to be abolished under new plans by the Government to cut back regulation and “reduce red tape”.
The Government has confirmed that the PSR, the economic regulator for the £81trn payment systems industry in the UK, will mainly be consolidated into the Financial Conduct Authority (FCA)
At least 158 banking IT failure incidents at nine of the UK's largest banks and building societies have affected millions of banking customers’ ability to access services in the last two years, new data published by the Treasury Committee has revealed
Over three in five (62%) property purchases are at risk of being delayed or falling through if buyers miss the stamp suty deadline on 31 March, Upstix has revealed
Four banks have agreed a settlement with the Competition and Markets Authority (CMA) to pay fines in cases related to UK Government bonds.
Citi, HSBC, Morgan Stanley and Royal Bank of Canada will pay fines totalling £104.5m