Press releases

Deloitte comments on the Payments Systems Regulator

15 October 2014

Stephen Ley, head of payments at Deloitte, said:

“The British payments regulator is part of a post-crisis policy by the UK government to open up competition in banking more generally. This move will be eagerly seized upon by challenger banks and by non-banks, such as technology firms, who wish to develop payment services to improve customer experience and services. For established banks and payment providers, this new regime will challenge them to be more innovative and to manage the risks and exploit the opportunities that will come from a more open, transparent and competitive payment eco-system in the UK.”

End

Notes to editors

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.

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