Powered by Lexis+®
Jurisdiction(s):
United Kingdom

UK payments reform: FCA-PSR consolidation and National Payments Vision; BoE's next-generation retail infrastructure; PRA scrutiny of Principal Trading Firms and intraday counterparty risk management

Published on: 02 February 2026

Published by a LexisNexis Financial Services expert
Legal News
Table of contents
  • Financial services developments
  • FCA and PSR’s David Geale discusses UK payments landscape
  • BoE’s Sarah Breeden sets out plans for a new UK payments infrastructure
  • BoE’s Rebecca Jackson discusses the rise of Principal Trading Firms
Article summary

Financial services developments FCA and PSR’s David Geale discusses UK payments landscape

The Financial Conduct Authority (FCA) has released a speech from David Geale, the FCA’s executive director for payments and digital finance and managing director of the Payment Systems Regulator (PSR). In it, he set out views on the National Payments Vision, the PSR’s integration within the FCA, Open Banking, and the influence of new technologies on the payments industry. Geale emphasised that the UK’s payment infrastructure and systems must be efficient, innovative and accessible, while reliably meeting customers’ expectations. He also noted that bringing the FCA and PSR under one roof improves their ability to weigh the requirements of firms, consumers and the broader system...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Read More Right Arrow

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Read More Right Arrow

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Read More Right Arrow

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...

Read More Right Arrow