Compliance Monitor
Firms warned to avoid disruption on payments when Brexit transition ends
By Neasa MacErlean
Firms are being told by the Bank ofEngland and FCA that they need to work to “avoid disruption to payments” afterthe United
Kingdom leaves the European Union on 31 December. Action in thisarea is one of a list of ‘final preparations’ that the Bank
and the FinancialConduct Authority have contacted firms about in a ‘
DearCEO’ letter.