SVB’s obituary
Published on 23rd March 2023
I have sent a paper to the Treasury Select Committee proving how the rescue of SVB UK by HSBC had taxpayer support.
You can DOWNLOAD THE PAPER HERE.The Governor of the Bank of England (Andrew Bailey) and the Economic Secretary to the Treasury (Andrew Griffith) are appearing before them on March […]
HM Treasury’s Call for Evidence
Published on 22nd March 2023
We have submitted a response to the Call for Evidence issued by HM Treasury in connection with the review of the 2017 Payment Services Regulations.
You can DOWNLOAD OUR RESPONSE HERE.
It was submitted just before the collapse of Silicon Valley Bank and the unedifying spectacle of UK government […]
‘Project Financial Crime’ at The Payments Association
Published on 20th March 2023
The Payments Association responded to our Open Letter of 2nd February 2023 about practices common amongst non-bank Payment Service Providers that enable financial crime.
You can DOWNLOAD THEIR RESPONSE HERE.
It amounts to a ‘nothing to see here’.
You will notice our response on page two, which is […]
FCA website section on eMIs and PI
Published on 20th March 2023
Here is the extraordinary letter issued by the Financial Conduct Authority on 16th March 2023 and addressed to the Chief Executives of nearly 300 non-bank Payment Service Providers.
These are Authorised eMoney Institutions, Authorised Payment Institutions, and some types of Open Banking providers.
It is a long […]