Missing the red flags in UK payments service provider failures

In this week’s Corylated podcast Rachel and Niece discuss yet another failed UK payment service provider and examine the UK Financial Conduct Authority’s recent track record supervising this market segment. As UK PSPs continue to fail, the FCA would like to speed up authorisations. Niece and Rachel wonder about these plans, as well as the lighter touch crypto regimes developing in the US and UK. Also, Niece tells Rachel about “strong views” aired at the recent US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) crypto roundtable! Links Complaints Commissioner’s report on Firm XFCA statement on Premier FXFCA payments improvement plan not fully implemented, failed firms’ customers £22.5mn out of pocketZiglu’s filings show early regulatory interventionFifth payments firm enters special administration under FCA’s watchUS TradFi criticises ‘innovation exemption’ policiesContact useditorial@corylated.comwww.compliancecorylated.comwww.corlytics.com