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Financial Conduct Authority gov.uk

with Payment Systems Regulator

Policy paper: Joint statement by HM Treasury, the CMA, the FCA and the PSR on the future of Open Banking

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HM Treasury, the CMA, the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have published a joint statement which sets out their plan to establish a Joint Regulatory Oversight Committee to oversee the development of Open Banking beyond the scope of the CMA’s Open Banking remedies.

This joint statement sets out the plans of HM Treasury, the CMA, the FCA and the PSR for oversight of a new entity to succeed the Open Banking Implementation Entity (OBIE).

HM Treasury, the FCA, the PSR and the CMA agree that the future entity should:

  • have effective regulatory oversight, with a new Committee, led jointly by the FCA and PSR, to consider the entity’s vision, governance and priorities;
  • be independent, well-governed and underpinned by a set of values and cultures that include an emphasis on integrity and promoting ethical behaviours;
  • play a central role in delivering new proposals beyond those required by existing regulations;
  • be adequately resourced to carry out its functions through a more broadly-based and sustainable funding model;

    • This is an extract. The publication continues at the source.

    Read the original at the source: https://www.gov.uk/government/publications/joint-statement-by-hm-treasury-the-cma-the-fca-and-the-psr-on-the-future-of-open-banking

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    Organization
    Financial Conduct Authority — imported from official source
    Official source
    https://www.gov.uk/government/organisations/financial-conduct-authority.atom ATOM
    Imported
    September 15, 2026 20:43
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    1 recorded
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    https://www.gov.uk/government/publications/joint-statement-by-hm-treasury-the-cma-the-f...

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