New research offers fresh thinking about payments regulation post-Brexit

New research offers fresh thinking about payments regulation post-Brexit

Source: Payments Association

The Payments Association (formerly The Emerging Payments Association (EPA)), UK Finance, the collective voice for the banking and finance industry, and global law firm Latham & Watkins, today announce the launch of ‘UK Payments Regulation Review: Making sense of where to go now’.

This industry report explores the impact of regulation and outlines how industry, lawmakers and regulators can work together to strengthen and enhance the country’s payments infrastructure and regulatory and supervisory frameworks, following both Brexit and in light of the expanding digitalisation of the economy.

With commerce and day-to-day personal finance transactions increasingly moving online, regulatory priorities must continue to shift from financial stability to supporting market innovation. Similarly, technologies that were unthinkable around the turn of the millennium like digital identity frameworks and distributed ledger technology have entered mainstream conversations and are likely to have profound impacts for the sector.

The report identifies a number of opportunities that lawmakers, regulators and industry may