UK payment systems regulator assesses compliance in first annual report

The Payment Systems Regulator (PSR) is part of the Financial Conduct Authrority

UK payment systems operators have made a ‘good start' facilitating more open and flexible access, according to the industry's regulator, though more needs to be done.

In its first annual report, released on December 15, the Payment Systems Regulator (PSR) analyses compliance reports received from seven operators, highlighting their compliance with measures introduced earlier in 2015 to improve direct access and governance.

"So far, the most fundamental change I have observed this last year is

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