Potential ATM closures will be PSR’s first ‘major test’ – Morgan
Treasury select committee chair says Payment System Regulator should not hesitate to intervene should closures threaten financial stability
The chair of the UK’s Treasury select committee (TSC) has issued a call to action to the Payment Systems Regulator (PSR) following the announcement of a series of measures intended to “rebalance” the nation’s ATM network.
In a statement on January 31, Nicky Morgan said the TSC would take “a very dim view if all those with a role to play… fail to work constructively to ensure that the 2.7 million people reliant almost entirely on cash transactions aren’t cut off.”
Link, the UK’s largest cash
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