Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1092243

	registered interest
	date	20/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Access to Cash Review
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps the Government is taking to (a) minimise the effect of IT outages on consumers’ ability to pay for goods and services and (b) ensure that digital payment systems are more reliable.
	tabling member constituency	Stalybridge and Hyde
	tabling member printed	Jonathan Reynolds
	uin	234748
	answer	answer is ministerial correction date of answer 26/03/2019 answer text <p>We take the operational resilience of the finance sector and any detrimental impacts on consumers very seriously. HM Treasury works closely with the Bank of England, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) (collectively the ‘Financial Authorities’) to assess, test and improve the operational resilience of the sector and to respond to any major disruption, including to payment systems.</p><p> </p><p>In July 2018, the PRA and the FCA published a joint Discussion Paper on an approach to improve the operational resilience of firms and financial market infrastructures, including to payment systems. The Authorities will use responses to this to inform supervisory activity and future policy-making to support firms’ and FMIs’ operational resilience[i].</p><p> </p><p>The Financial Authorities also have a single mechanism, the Authorities’ Response Framework, to coordinate a response to incidents affecting the finance sector. The Financial Authorities regularly exercise incident response frameworks with the sector to assess their effectiveness and identify improvements. The Bank of England held a sector resilience exercise (SIMEX18) in November 2018 which tested the joint response by public authorities and industry to a simulated disruption.</p><p> </p><p>1 <a href="https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/discussion-paper/2018/dp118.pdf?la=en&amp;hash=4238F3B14D839EBE6BEFBD6B5E5634FB95197D8A" target="_blank">https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/discussion-paper/2018/dp118.pdf?la=en&amp;hash=4238F3B14D839EBE6BEFBD6B5E5634FB95197D8A</a></p><p> </p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 26/03/2019 13:41:49 answering member 4051 label Biography information for John Glen
	tabling member	4119 label Biography information for Jonathan Reynolds

1092245

	registered interest
	date	20/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Access to Cash Review
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to examine the (a) role of cash in the UK and (b) effect of reduced access to cash has on different groups and communities.
	tabling member constituency	Stalybridge and Hyde
	tabling member printed	Jonathan Reynolds
	uin	234750
	answer	answer is ministerial correction date of answer 26/03/2019 answer text <p>Following a programme of currency modernisation we initiated a discussion on payment methods last year, through our Call for Evidence on Cash and Digital Payments in the New Economy. This was launched at Spring Statement 2018. This sought to gather evidence on how changing preferences for cash and digital payments impact on different sectors, regions and demographics. Furthermore, it demonstrated the Government’s intent to explore how cash can remain accessible.</p><p> </p><p>The Government intends to publish a response to this Call for Evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 234749 question first answered 26/03/2019 13:17:15 answering member 4051 label Biography information for John Glen
	tabling member	4119 label Biography information for Jonathan Reynolds

1092244

	registered interest
	date	20/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Access to Cash Review
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, when his Department plans to publish the findings from its call for evidence on cash and digital payments; and what steps he is taking to progress that work.
	tabling member constituency	Stalybridge and Hyde
	tabling member printed	Jonathan Reynolds
	uin	234749
	answer	answer is ministerial correction date of answer 26/03/2019 answer text <p>Following a programme of currency modernisation we initiated a discussion on payment methods last year, through our Call for Evidence on Cash and Digital Payments in the New Economy. This was launched at Spring Statement 2018. This sought to gather evidence on how changing preferences for cash and digital payments impact on different sectors, regions and demographics. Furthermore, it demonstrated the Government’s intent to explore how cash can remain accessible.</p><p> </p><p>The Government intends to publish a response to this Call for Evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 234750 question first answered 26/03/2019 13:17:15 answering member 4051 label Biography information for John Glen
	tabling member	4119 label Biography information for Jonathan Reynolds