Sector Regulation Sector Regulation

UK retail cash system to be placed under FCA's oversight

By Fiona Maxwell
  • 15 Oct 2020 06:50
  • 15 Oct 2020 06:50
Bringing UK retailers' "cashback" services to shoppers under the purview of the Financial Conduct Authority is among sweeping plans published by the government today to boost the regulator's powers and give it responsibility for protecting consumers' access to cash.

The proposals would make the financial services watchdog responsible for overseeing the maintenance of

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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