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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 requirement...

There's a real prize for the UK to lead when it comes to distributed digital ID Financial Services Bill: Time to Act Part Four of Five Thursday, I have pleasure in penning day four’s thoughts on the Financial Services Bill, currently making its way through the House of Lords. Today, I want to set out my hopes for a distributed digital ID for the UK. I know, child’s play right? I put forward my amendment to this end yesterday evening. The amendment requires the Secretary of State, within six months of the passage of the bill to publish the government’s plans for the dev...

DLT may not be the silver bullet, but it's worth a shot Financial Services Bill: Time to Act Part Three of Five Mid-week, I have pleasure in penning day three’s reflections on the Financial Services Bill, currently making its way through the House of Lords. Today, I want to set out my hopes for the bill in relation to potential distributed ledger technology [DLT] use cases, digital instruments, the regime for open finance and the recommendations of Ron Kalifa’s FinTech Strategic Review. This afternoon I will be putting forward amendments covering these areas as well as ...

Financial institutions should consider appointing AI officers Crypto AM Parliamentary Special, with Lord Holmes of Richmond MBE Part Two of Five I have pleasure in penning Day Two’s thoughts on the Financial Services Bill, currently making its way through the House of Lords. Today, I want to set out my hopes for the bill in relation to Artificial Intelligence [AI]. AI is already pervasive across so many aspects of our lives, including financial services. AI will be key in how the financial industry operates and delivers services, and for it to compete and thrive. According...

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