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<p>The Government does not intend to publish the research it conducted earlier in
the year on the effects of transparency in overseas money transfers (involving foreign
exchange) on consumer decisions at this point in time as it relates to the formulation
and development of ongoing government policy.</p><p> </p><p>However, the research
will help to inform the Government’s response to its consultation on the implementation
of the second Payment Services Directive, which will be published shortly. The Government
will need to weigh up the benefits of requiring greater transparency with other considerations,
such as the Government’s approach to implementing maximum harmonising Directives.</p>
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