Job Description
About the FCA/PSR
The PSR is an independent economic regulator led by Managing Director, David Geale – who is also Financial Conduct Authority (FCA) Executive Director, Payments and Digital Finance. The PSR is a subsidiary of the FCA.
In March 2025 the Prime Minister announced that the PSR would be consolidated into the FCA, simplifying regulation of payments. The Government has been clear that payment systems must continue to be effectively regulated - see the Government’s consultation (which was published in September 2025) - and so the PSR is continuing to focus on delivering its important and impactful programme of work, collaborating closely with the FCA. The transition is taking place in phases, with some teams already moving to the FCA where they continue to support PSR activity. The PSR will continue to operate as an independent subsidiary with its own Board until new legislation comes into effect. The role/directorate you are applying to join will move i...