The Prudential Regulation Authority (PRA) has confirmed that the Financial Services Compensation Scheme (FSCS) deposit protection limit will increase to £120,000 per person, per authorised firm, effective from 1 December 2025. This measure replaces the previous £85,000 limit, which was… Continue reading
The Bank of England has launched a formal consultation on regulating pound-denominated stablecoins that are considered “systemically important”. The move, announced in a consultation paper published on 10 November 2025, outlines proposed requirements for stablecoin issuers and custodians whose operations… Continue reading
The UK government has launched a consultation proposing that the Financial Conduct Authority (FCA) should assume responsibility for anti-money laundering and counter-terrorist financing (AML/CTF) supervision of legal, accountancy, and trust and company service providers. Published by HM Treasury on 6… Continue reading
Mastercard has announced a significant expansion of its Mastercard Move programme, enabling near real-time payouts to regulated stablecoin wallets through a partnership with Thunes. This integration allows banks and payment providers in the UK to offer customers direct withdrawals to… Continue reading
The Payments Vision Delivery Committee, comprising HM Treasury, Bank of England, Financial Conduct Authority (FCA), and Payment Systems Regulator, has announced a new strategy for the UK’s retail payments infrastructure. Published on 7 November 2025, the document outlines five key… Continue reading
The Bank of England published a consultation paper on 10 November 2025 outlining its proposed regulatory regime for systemic sterling-based stablecoins, aiming to bring greater security and confidence to this rapidly developing sector. The proposals draw on feedback from the… Continue reading
The Bank of England has published a consultation paper on 10 November 2025 outlining regulatory proposals for systemic sterling-based stablecoins. This marks a significant advance in the development of the UK’s stablecoin framework, with the regime shaped by feedback from… Continue reading
PayPoint has joined Pay.UK’s Confirmation of Payee (CoP) service, enabling local authorities and energy companies to deliver cost-of-living support payments more securely and efficiently. The integration is set for national rollout in November 2025 at no additional cost, aiming to… Continue reading
The UK Treasury has announced a pilot programme, starting January 2026, that will allow people experiencing homelessness to open bank accounts without a fixed address at Lloyds, NatWest, Barclays, Nationwide, and Santander. The initiative is part of a broader financial… Continue reading
The UK Treasury has approved the “Payment Services and Payment Accounts (Contract Termination) Regulations 2025”, introducing new requirements for payment service providers (PSPs) and banks regarding account termination and customer rights. The regulation will take effect on 28th April 2026,… Continue reading
