LONDON, July 16 (Reuters) - Britain's banks have been told
they must protect customers' access to cash and provide
alternative services if they close further branches, the
Financial Conduct Authority said on Thursday.
Lenders should consider sharing services with other
providers, providing mobile banking hubs or cash delivery
services, or providing a free-to-use ATM where branches close,
the watchdog said.
The regulator said it recognised banks may look to shrink
branch networks further due to the impact of the COVID-19
pandemic on revenues, but said banks should first engage with
the regulator and consider their options.
A consultation on the guidance will run until July 30.
(Reporting by Iain Withers, editing by Sinead Cruise)