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The highs and lows of 10th Parliament Saturday May 22 2021 Summary On May 11, the 10th Parliament was dissolved after a five-year term that commenced in May 2016. The disbandment of the House paved way for the MPs-elect swearing-in this week, which ran from May 17 to 20. This will be followed by the election of Speaker and Deputy on May 20 at Kololo. As the 11th Parliament commences, Esther Oluka looks back at the performance of the previous House.  Advertisement On May 11, Speaker of 10th Parliament Rebecca Kadaga ended business of the House after a long day’s plenary.  “I want to ass...

To embed, copy and paste the code into your website or blog: Recent regulatory developments of interest to most financial institutions, including updates from the UK government, PRA, FCA, JMLG and the European Commission.  Contents UK FinTech and financial services plans LC&F compensation scheme and complaints to FCA Lessons from Greensill Capital: Treasury Committee inquiry Diversity: BoE launches "Meeting Varied People" initiative PRA authorisations: updates on rule waivers and modifications and CRR and Solvency II permissions UK Investment Firms Prudential Regime: FCA second consultation ...

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 ...