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UK regulators told to review effectiveness of access to cash regime

By Sofia Gerace ( April 29, 2025, 23:02 GMT | Insight) -- The UK Parliament's influential Treasury committee issued a report following an inquiry into cash acceptance and said that the most vulnerable people in society will bear the costs if the country were to become cashless. The finance ministry, Financial Conduct Authority and the Bank of England have been asked to review the effectiveness of the current access to cash regime and investigate whether the focus on access to cash has had unintended consequences on acceptance of cash.UK financial regulators have been told by lawmakers to review the effectiveness of the access to cash regulatory regime....

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