New UK payments MoU sharpens roles and joint strategy

Authorities revise MoU in relation to payments in the UK

On 24 June 2025, the Financial Conduct Authority (FCA) published a new web page stating that its Memorandum of Understanding (MoU) with the Bank of England, Prudential Regulation Authority and Payment Systems Regulator had been updated. The MoU sets out the high-level framework that the regulators use to cooperate with one another in relation to payments in the UK. The update follows an annual review of the MoU which now includes principles for …

New UK payments MoU sharpens roles and joint strategy

UK financial regulators have renewed their commitment to better coordination in the fast-evolving payments sector through an updated Memorandum of Understanding (MoU). According to Finextra, The revised agreement sets out clearer responsibilities and introduces new principles for cooperation among the Bank of England, the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), and the Payment Systems Regulator (PSR). The Mo…

UK regulators revise MoU to streamline payments oversight

UK financial regulators have renewed their commitment to better coordination in the fast-evolving payments sector through an updated Memorandum of Understanding (MoU). According to Finextra, The revised agreement sets out clearer responsibilities and introduces new principles for cooperation among the Bank of England, the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), and the Payment Systems Regulator (PSR). The Mo…