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UK payments regulator was 'easy target' for government, its head tells lawmakers

By Phoebe Seers ( March 12, 2025, 17:39 GMT | Insight) -- The head of the UK’s payments regulator said today that he only found out that his organization was to be abolished hours before it was announced last night as part of a government drive for deregulation. David Geale told a parliamentary committee that as a small regulator with close ties to the Financial Conduct Authority, the Payment Systems Regulator was a “reasonably easy target.”The head of the UK’s payments regulator said today that he only found out that his organization was to be abolished hours before it was announced last night as part of a government drive for deregulation....

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