On June 30, 2015 the Payment Systems Regulator published an update to the market review they are conducting of the ownership and competitiveness of infrastructure services provided related to interbank payment systems. The final terms of reference are now available, which incorporate the feedback from consultation responses.

What this means for you

The review is now in the information gathering phase and will concentrate on collecting further evidence and information from stakeholders; an interim report is expected in early 2016, with a final report to follow in the summer.