FCA needs to work with payment service providers to address financial fraud

Key focus

September 2022 will be remembered as an era of profound change for the UK. At the beginning of the month, Liz Truss was officially appointed the UK’s prime minister, who is now responsible for leading the country through somewhat precarious economic times.

A cabinet reshuffle immediately followed, signifying the beginning of a new government that would tackle pressing challenges, including those facing businesses and consumers. Regulatory bodies also used the opportunity to announce strategies and objectives that will be used to adapt to the new political era.  This political transformation was overshadowed by the passing of Queen Elizabeth II - a monumental event that brought the country to a standstill. With this mourning period over, it is now important to consider how policy announcements made in early September will impact different s...