Bacta chief executive John White will have the opportunity to progress key issues of relevance to the membership regarding payments, frauds and the introduction of the polymer £20 note when he meets with Sarah John, a member of the senior team at the Bank of England.
White will meet Ms John who holds the post of Chief Cashier and Director of Notes with responsibility for the issuance and circulation of banknotes, at next week’s CEO’s Luncheon, organised by the Trade Association Forum and taking place at Shepherds’ of Westminster.
Expanding on the initiative, White said: “One of the key benefits of being a part of Bacta is the access it gives to effective representation. While representation is often used in relation to access to MPs, ministers and political advisers, it also relates to independent non-political organisations and the Bank of England is a case in point. It’s of great importance that Bacta uses these opportunities to explain our members’ position on specific points such as the technical issues they face in relation to note changes, the next example being the transition to polymer £20 notes scheduled to take place next year.
“Clearly the issues surrounding the cashless revolution and its impact on gambling and non-gambling leisure entertainment equipment are also of huge importance to Bacta members and their customers. I look forward to feeding back information and insight gained at next week’s forum.”
Sarah John joined the Bank of England in 1999 after completing a degree in economics at Cambridge. As well as being heavily involved in reforming the Bank’s operations during the financial crisis she was more recently Head of Sterling Markets Division, responsible for the design and implementation of the Bank’s operations in Sterling markets. She has also worked in the Bank’s Financial Stability area, focusing on European macro-prudential policy issues.