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0 0 0.00682769113731441 0.00798782807150995 0.00726511981742095 0.00821605173069596 -0.00271966527196665 -0.00344237352605565
Stock impact report

UK to disband payment watchdog PSR to cut red tape [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The PSR, responsible for overseeing payment systems such as faster payments and Mastercard, will be merged into the Financial Conduct Authority (FCA), creating a single point of contact for firms. This follows feedback from businesses that the current regulatory framework, involving multiple regulators, is overly “complex” in terms of time, cost, and resources. There will be no immediate changes to the PSR's remit or ongoing work, with the regulator retaining its statutory powers until the necessary legislation is passed by the Parliament. During the transition, the PSR and FCA will collaborate to ensure a seamless transfer of responsibilities and maintain a competitive market. Prime Minister Keir Starmer said: “ For too long, the previous Government hid behind regulators – deferring decisions and allowing regulations to bloat and block meaningful growth in this country. And it has been working people who pay the price of this stagnation. “This is the latest step in our eff Show less Read more
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