PSR consults on supervisory approach

The PSR is seeking views on its approach to supervision. Last year, it set up a Supervision and Compliance Monitoring division, designed to deter and challenge any poor practices within firms. It plans for the division to have regular and effective ongoing contact with firms with a primary focus on payment system operators. It also plans publish a set of principles for supervised firms that set out its expectations.

The call for views closes on 7 June.