Financial Services Financial Services

UK's 'buy now, pay later' credit boom needs urgent regulation, former FCA chief says

By Fiona Maxwell
  • 08 Oct 2021 06:07
  • 08 Oct 2021 06:07
Financial-services companies offering consumers delayed payment for purchases need a legislative regime as soon as possible, despite a longer delay than initially anticipated, the UK’s former chief financial services regulator said today. 

The "buy now, pay later" sector — which in the UK includes the likes of Sweden's Klarna and Austra

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

Discover MLex

Stay on top of global regulatory developments

Latest News