Elisabeth Bertalanffy-Fournier
Senior Mgr, Wholesale Cash Policy & Supervision
Bank of England
Biography
Elisabeth is responsible for ensuring an effective, resilient and sustainable UK wholesale cash infrastructure in the face of declining cash volumes, to safeguard access to cash into the future. Prior to joining Notes, she held a range of policy and supervision roles across the Bank and the Prudential Regulation Authority.
About the company
The Bank of England is the UK's central bank. Its mission is to deliver monetary and financial stability. Notes Directorate contributes to the Bank’s role of maintaining confidence in the currency by providing high-quality banknotes and ensuring an effective, resilient and sustainable wholesale cash distribution system.
Presentation
Ensuring a resilient wholesale cash infrastructure in a changing cash landscape
Despite the transactional decline of cash, it remains vital for many and also plays an important contingency role. The UK Government recognised the importance of maintaining access to cash and is giving the Bank of England new powers to ensure that the wholesale cash infrastructure remains effective, resilient and sustainable. These powers, currently before Parliament, complement legislative proposals on the retail side and are intended to safeguard access to cash into the future. The presentation outlines the Bank's new wholesale cash regime and its two core parts - market oversight and prudential supervision - and how it will be implemented in practice.
