Payments Forward Plan Published by Committee
Summary
The Payments Vision Delivery Committee, comprising HM Treasury, Bank of England, FCA, and PSR, has published the Payments Forward Plan. This plan outlines upcoming initiatives in retail and wholesale payments, including digital assets, to foster innovation and economic growth.
What changed
The Payments Vision Delivery Committee has published the Payments Forward Plan, detailing upcoming initiatives across retail and wholesale payments, including elements of digital assets. This plan aims to provide clarity on future developments, supporting firms in planning and innovation, and aligning with the Government's National Payments Vision for a trusted, world-leading payments ecosystem.
Regulated firms, particularly those in the payments sector, should review the Plan to understand upcoming initiatives and their potential impact on operations and innovation. The Committee will also enhance its focus on payments in the Regulatory Initiatives Grid in its first 2027 publication, indicating ongoing regulatory attention to the sector.
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