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Written question asked by Ged Killen (Labour) on Tuesday, 4 June 2019, in the House of Commons. It was due for an answer on Monday, 10 June 2019 (named day). It was answered by John Glen (Conservative) on Monday, 10 June 2019 on behalf of the Treasury.

Joint Authorities Cash Strategy Group

Question

To ask the Chancellor of the Exchequer, with reference to his Department's news story of 3 May 2019, Cash here to stay as government commits to protecting access, if he will publish the schedule of meetings of the Joint Authorities Cash Strategy Group; and whether minutes will be taken at those meetings.

Answer

As part of our response to the Call for Evidence on access to cash, the Government announced that the Treasury would set up and chair the Joint Authorities Cash Strategy (JACS) Group.

The Group brings together the Bank of England, Payments Systems Regulator and Financial Conduct Authority. This was in recognition of the need to ensure joined-up oversight of the UK’s cash infrastructure, in light of the changing behaviours and preferences of consumers and businesses.

The Group will coordinate strategy across members, to ensure that the roles and responsibilities of each regulator remain clear and relevant, and that the effects of regulatory activities are evaluated across the full end-to-end cash system. The Group does not affect the statutory responsibilities of individual regulators.

The Group is up and running and further details of its activities will be announced in due course.

Secondary information

Type
Written question
Reference
260112
Session
2017-19
Grouped for answer
Yes
Subjects
Disclosure of information Joint Authorities Cash Strategy Group
Link
View this Written question on www.parliament.uk