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Demystifying affordability part one: What is affordability?
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Opening our eyes to financial inclusion for the good of the economy
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These recommendations come as part of the committee’s report “Beyond Digital: Planning for a Hybrid World , which warns that more needs to be done to ensure that we all benefit from our increasing reliance on digital technology post-pandemic and that it does not lead to increasing inequality and marginalisation.
“The government’s current digital strategy is unfit for purpose to operate in our new hybrid post-pandemic society and it must adopt a new, truly hybrid strategy,” said Baroness Lane-Fox of Soho, the chair of the committee.
“The development of this new strategy must be led centrally from the Cabinet Office, alongside the recognition that this issue goes beyond being considered from a purely ‘digital’ perspective and must be more fundamental than is currently being envisaged.”
part one of two
Financial Services Bill: Reflections
After hundreds of hours of debate, thousands of words drafted and spoken, we have passed the Financial Services Bill through the House of Lords.
It now goes back to the Commons, for consideration of our amendments, before being finally agreed then off to the Palace for Royal Assent.
Learnings from the Bill, many. Work still to do, much.
From a crypto perspective, it seemed, as is often the case, many of my amendments relating to fintech – including, for example, consideration of blockchain-based tools for transaction reporting requirements under the Markets in Financial Instruments Directive (MiFID), a mandatory regime for open finance, action on Digital ID, AI officers – appeared just too early for the Government’s taste.
Bishop of Oxford on Lords climate change committee
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