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Recent regulatory developments focussed on the payments sector. See also our General Regulatory News of broad relevance in the Related Materials links.
Contents
Proposed new special administration regime for PIs and EMIs: summary of draft rules
COVID-19: Pay.UK report on current account switching behaviours
On 6 January 2021, Pay.UK published a report on how COVID-19 has affected current account switching attitudes and behaviours in the UK.
The report finds that current account switching in 2020 was 30% lower compared to previous years. It explores the mechanisms that have driven these changes, including the pandemic and wider changes to the financial services market.