Regulators review MoU on payments systems

The BoE, FCA, PRA, PSR have reviewed their MoU on payments systems in the UK, as they are required to do on an annual basis.

The regulators noted that over the past year they have taken steps to improve the sharing of expertise and data, but there remains scope for further improvement in cooperation. They have therefore committed to revise the MoU by Q2 2025 in line with the Government’s National Payments Vision (NPV).