BoE policy statement on governance of recognised payment system operators
The Bank of England published a policy statement and supervisory statement on governance for recognised payment system operators.
The BoE has set out finalised governance expectations for RPSOs, covering board composition, accountability, risk oversight and independence. Operators must align governance structures and documentation with the new framework.
Strengthens supervisory expectations on governance and accountability within systemic payments infrastructure.
Action Required
Review payment system operator governance arrangements against new BoE policy and supervisory statements and remediate gaps.
Governance of systemic payment operators underpins financial stability and conduct of payment ecosystems.
BoE finalised governance expectations for RPSOs. Reassess board composition, independence, risk committee mandates and accountability mapping. Update governance policies and ensure SMF alignment where relevant.
“Bank of England policy statement and supervisory statement on governance of recognised payment system operators.”
Published: 2026-06-12