CEPA’s Financial Services practice builds on our cross-sector expertise in regulatory economics. The practice group covers on a wide range of economic, regulatory and competition topics and works closely with experts from CEPA’s other practice areas to transfer knowledge from regulated network industries to the finance sector.
CEPA has experience in issues of ‘utility-style’ economic regulation for payment systems, which has gained increased importance with the establishment of the Payment Systems Regulator (PSR) as independent economic regulator for the UK payments sector. For our clients we undertake cost benefit analysis and economic assessment to support project appraisals and dialogue with stakeholders, including policy makers and regulatory authorities.
Key economic questions in the financial services and payment sectors, which are covered by CEPA’s Financial Services practice, include:
- Investment incentives, cost recovery and funding.
- Industry governance and industry strategy.
- Payment card interchange fees.
- Alignment of incentives and potential barriers to market entry.
- Competition in retail banking.
- General principles of economic regulation.
CEPA’s Financial Services team is centred around a small number of core staff and associates who draw on an established selection of partner firms for additional specialist knowledge
- Financial Conduct Authority (FCA)/ Payment Systems Regulator (PSR)
- Payments UK (formerly Payments Council)
- Cheque & Credit Clearing Company (C&CCC)