UK Payment Systems Authority Consults on Draft Statement of Policy on its Cost Benefit Analysis Framework

The Payment Systems Authority has published a consultation paper on a draft statement of policy on its cost benefit analysis (CBA) framework. The draft statement builds on and replaces the draft CBA framework published earlier this year, and explains the PSR's approach to CBAs and how the CBA framework in this document helps the PSR develop policies with a positive impact. The draft statement of policy also:

• Sets out the purposes of the PSR's CBAs and how it sees them being applied in the most useful way.
• Explains the typical circumstances in which the PSR develops and publishes CBAs.
• Presents the scope and high-level methodology of the PSR's CBAs, including the questions it tries to answer and how the PSR goes about answering them.
• Describes how the PSR develops CBAs.

The deadline for comments is November 3, 2024. The PSR aims to publish its final statement of policy at the end of the year.

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