Overview
- Written submissions are open until March 11, with oral evidence sessions to follow.
- The review will assess how rapid adoption could shift deposits from banks, affect credit supply and alter payment flows.
- The Bank of England has proposed temporary holding caps of £20,000 per individual and £10 million per business.
- The regime envisages at least 40% of reserves held as central‑bank deposits, issuer access to BoE accounts and a liquidity backstop.
- Regulators aim to finalize the framework by end-2026 with phased implementation toward October 2027 alongside FCA consultations.