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New UK payments watchdog aims to break Big 5's dominance

Payment Systems Regulator pushes for improved access to payment system; will mull more fundamental changes

London

BRITAIN's newest and most powerful financial regulator has pledged to introduce "meaningful" change this year to help new banks steal market share from the "Big Five" lenders that dominate commercial and retail banking.

The Payment Systems Regulator (PSR) will be formally...

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