UK cash system needs revamp, says Payment Systems Regulator chair

Charles Randell
Bank of England

The system governing access to cash in the UK needs to be looked at “afresh”, the chair of the country’s Payment Systems Regulator told lawmakers on February 12.

Appearing before the Treasury Select Committee (TSC), Charles Randell said there was a “profound change” occurring in the cash industry, resulting in issues for a number of consumers that depend on free cash access.

“We have agreed the whole system needs to be looked at afresh. The board [of the PSR] has approved a proposal to look at

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: