Treasury Select Committee Call for Evidence on the work of the Payment Systems Regulator (PSR)

We welcome the opportunity to provide a written submission to the Treasury Select Committee (TSC’s) call for evidence on the work of the PSR.

The banking and finance sector has evolved substantially in recent years, and new entrants and technologies have brought benefits for competition and consumers. During this time, regulatory change has also been a constant and dominant theme. We and our members believe that an open, constructive and collaborative relationship with policymakers is essential to achieve the optimal environment for firms to innovate and develop existing and new payment systems for the benefit of customers.