The British paying dog should be abolished as part of a purge of beaten regulators in Whitehall. Sky News learned that ministers and civil servants examine whether the payment systems regulator (PSR) must be removed and fold it into the Authority Conduct (FCA). A decision should be made in principle in a few weeks, although … Read more
Barclays is set to complete a deal to shed its UK merchant acquiring arm, allowing it to remain an investor in the business. Sky News has learned that Barclays and Brookfield, the Canadian asset management giant, are in detailed talks over a deal which would see the British lender retain a 20% stake in the … Read more
The government will unveil plans to overhaul Britain’s payments infrastructure, which will involve the Bank of England being given a more powerful oversight role. Sky News has learned that Treasury officials have given the green light to a new ‘Payments Vision’, details of which will be outlined at the Mansion House annual dinner this week. … Read more