( June 26, 2025, 15:10 GMT | Official Statement) -- MLex Summary: UK payment providers have been told to review their arrangements on wind-down plans and management of enterprise-wide, liquidity and group risks, after the financial watchdog conducted a multi-firm review of the sector. The Financial Conduct Authority said that as payment providers increase the scale, breadth and complexity of their activities, they should develop risk-management frameworks in line with this growth. "None of the firms we reviewed fully met our expectations," the FCA said today.Statement is attached....
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