Senior Mgr, Wholesale Cash Policy & Supervision
Bank of England
About the company
Despite the transactional decline of cash, it remains vital for many and also plays an important contingency role. The UK Government recognised the importance of maintaining access to cash and is giving the Bank of England new powers to ensure that the wholesale cash infrastructure remains effective, resilient and sustainable. These powers, currently before Parliament, complement legislative proposals on the retail side and are intended to safeguard access to cash into the future. The presentation outlines the Bank's new wholesale cash regime and its two core parts - market oversight and prudential supervision - and how it will be implemented in practice.