The UK PSR issues Policy Statement setting out its approach to regulating the payment systems industry

UK's Payment Systems Regulator published its Policy Statement on 25 March 2015 setting out its policy decisions and a package of measures to  enable it to start addressing its objectives. These measures are aimed at ensuring:

• an improved strategy setting process;
• improving governance of payment systems; and  
• access to payment systems is provided without unnecessary barriers or burdens.

This statement also marks the start of an ambitious policy work programme for the PSR including two market reviews, into the ownership and competitiveness of infrastructure provision and into the supply of indirect access to payment systems, and a card payment systems programme of work.

This is further evidence that the UK is on a mission to become a global fintech hub.  We have published the news here because of the direct impact,  such high level UK policies and strategies when supported by all corners of industry, has on competing jurisdictions on Ireland.  See the post below on Ireland's IFS2020 Strategy.

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