The boss of the United Kingdom’s open banking body, Charlotte Crosswell, recently called on regulators to reform open banking policies. Crosswell stated the current regulatory structure is “spaghetti soup” and likely to stifle the continuing development of the open banking system. The UK is a global leader in open banking and Crosswell sees it as a meaningful first step towards a wider overhaul of the banking system.
Open Banking’s ‘Spaghetti Soup’ of Regulators Needs Streamlining
