HM Treasury consultation and call for evidence on payments regulation and the systemic perimeter
July 26, 2022
On 21 July 2022, HM Treasury issued a consultation and call for evidence to explore reforms to the systemic payments perimeter under the supervision of the Bank of England (BoE). It sets out why now is the time to review the applicability of the BoE’s existing regulatory perimeter over payment systems, the Government’s principles in approaching any reforms, and potential adjustments to the framework of the Banking Act 2009.