Compliancy Services announces today that John Burns, one of the UK’s leading authorities on Payment Services regulation, has been appointed as Payment Services Director.
John Burns will lead Compliancy Services’ existing Payment Services team in developing market opportunities for regulatory advice and related services within the UK’s diverse and innovative Payments sector.
Immediately before joining Compliancy Services, John was Senior Manager, Compliance Advisory, for Global Transaction Banking at Lloyds Bank where he also acted as subject matter expert on Payments. Prior to that he was the FSA’s Technical Specialist on Payments, dealing with the UK implementation of the Payment Services Directive and the 2nd E-Money Directive.
Commenting on John’s arrival, Ben Mason, Joint CEO of Compliancy Services, said, “We’re delighted to have such an influential figure as John Burns join our management team. He’s a leading authority on Payment Services regulation after a distinguished career right at the heart of the Payments sector. His expertise and experience will be of huge benefit to our clients dealing with PDS2 and the 2nd E-Money Directive.”
John was the first editor of the FSA’s PSR Approach Document and assisted with the development of PERG 15 in the Handbook, as well as assisting HM Treasury draft UK legislation. At a European level, John was a member of the European Commission’s Payments Committee, the ECB’s Forum on the Security of Retail Payments and the EBA’s Standing Committee on Consumer Protection and Financial Innovation.
John Burns expressed his enthusiasm for his new role saying, “The opportunity created for me at Compliancy Services is too strong to miss. The Payment Services sector is changing rapidly under the forces of innovation and regulation. Compliancy Services has a long pedigree of assisting major organisations meet the challenges posed by regulatory changes and I look forward to providing that support to the Payments Services and E-Money sectors.”