We provide practical recommendations to policymakers and regulators on measures to promote a money and banking system that supports a fair, democratic and sustainable economy. Below are our most recent policy briefings and consultation submissions.
FCA discussion paper: climate change and green finance
19 December 2018
We responded to the FCA’s discussion paper on climate change and green finance, arguing that the FCA must work urgently with other regulators to address climate risk across the financial system.
Consumers’ access to financial services
19 December 2018
We responded to the Treasury Select Committee’s inquiry into access to financial services for vulnerable consumers, arguing that certain groups will lose out if banks and card companies are successful in restricting the public’s access to cash.
Cash machines closing at a record rate
10 November 2018
This policy briefing examines new figures showing that cash machines are closing at a record rate, and proposes that the Payment Systems Regulator take steps to stop the closures.
Climate risk and monetary policy
5 November 2018
This policy briefing argues that the Bank’s monetary policy operations are currently failing to take account of the risks posed by climate change, and proposes that climate risk should be incorporated into its collateral framework and asset purchases.
30 September 2018
We responded to the Access to Cash Review call for evidence, arguing that there will remain a strong demand for people to use cash, and that the government should give the Payment Systems Regulator the job of protecting people’s access to cash.
Green reform of the Bank of England
24 May 2018
This policy briefing argues that the Bank of England could play a pivotal role in raising green investment in the UK, and that reform to its mandate is necessary to empower the Bank to have a beneficial impact on the environment.
22 May 2018
We responded to the Treasury Select Committee’s inquiry into digital currencies, arguing that the Bank of England should introduce a central bank digital currency. Doing so would address some of the problems associated with the decline of cash, make the payments system more resilient and could promote competition and innovation in payments and current accounts.
Impact and effectiveness of monetary policy
27 April 2017
We responded to the Treasury Select Committee’s inquiry into the impact and effectiveness of post-2008 monetary policy, arguing that quantitative easing has worsened wealth inequality and contributed to the unaffordability of housing. We made the case for fairer and more sustainable monetary policy tools.