The future of open banking and the Joint Regulatory Oversight Committee

The future of open banking and the Joint Regulatory Oversight Committee

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The future of open banking and the Joint Regulatory Oversight Committee

The work of the Joint Regulatory Oversight Committee (JROC)—comprising the FCA, the Payment Systems Regulator (PSR), the CMA, and HM Treasury—has successfully transitioned the UK from the "Open Banking" era into a mature Open Finance ecosystem. As of March 2026, the "ambitious programme" initiated in 2023 has resulted in a permanent regulatory framework and a new governing entity.

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