The UK Financial Conduct Authority (FCA) has appointed David Geale as the new Executive Director of the Payment Systems Regulator (PSR), taking the helm of the Payments and Digital Finance Department. Mr. Geale assumed his role as interim director of the PSR in June 2024 following a distinguished career at the FCA, which spans over two decades. His extensive experience includes roles such as Director of Retail Banking, and he was instrumental in shaping regulatory reforms during Brexit, including the retail distribution review. In recent years, Mr. Geale has been actively involved in developing regulatory frameworks for crypto assets, savings rate policies, and mortgage market reform initiatives.