Paralympic Swimmer, Director London 2012, Technology, Diversity and Inclusion
On day 6 (10 March 2021) of the committee stage of the Financial Services Bill in the House of Lords I put forward a large group of amendments under the broad heading of fintech. One important amendment would introduce distributed digital identification (Digital ID) and others would encourage digital operational resilience and the modernisation of …
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On day six of committee stage of the Financial Services Bill in the House of Lords I am putting forward several amendments – broadly under the heading of fintech – with two specifically designed to encourage the development of use cases for distributed ledger technologies (DLT). Following our departure from the EU it seems an …
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Today (10 March 2021) on day 6 of committee stage of the Financial Services Bill I have tabled amendments that seek to implement recommendations from the Fintech Strategic Review. Ron Kalifa’s review for the government is a fine piece of work, engaging hundreds of experts across FinTech and financial services. It has excellent chapter heads …
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Today (10 March 2021) is day 6 of committee stage of the Financial Servces Bill in the House of Lords and I am putting forward several amendments dealing with various aspects of digital technology in financial services. Two amendments deal with Artificial Intelligence (AI) – the general principle of ensuring the ethical use of AI …
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Today (8 March 2021) in committee stage of the Financial Services Bill I will be putting forward an amendment suggesting the Secretary of State report to Parliament on the options for enabling cash back without a purchase. This option is currently not permissible under EU regulations for payment services, Payment Services Directive (PSD). The full …
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Today (8 March 2021), in committee stage of the Financial Services Bill I will be putting forward an amendment suggesting an objective on the Financial Policy Committee (FPC) of the Bank of England to monitor financial exclusion in the UK and report to Parliament on their findings. The full wording of the amendment: Insert the …
Today (8 March 2021) in committee stage of the Financial Services Bill I will be putting forward an amendment to prohibit the sale of mortgage loan books from authorised to non authorised entities. The amendment in full: Insert the following new Clause— “Sale of mortgage loan books – (1) The Secretary of State must, within …
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A further two amendments that I put forward today (3 March 2021) during committee stage of the Financial Services Bill deal with both the timetable and funding of Statutory Debt Repayment Plan (SDRP) arrangements. The Financial Guidance and Claims Act 2018 created the Debt Respite Scheme – a welcome piece of legislation that will bring …
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Today (3 March 2021) I am putting forward an amendment to the Financial Services Bill that aims to support financial education by formalising the provision of debt advice. Its purpose is straight forward – to ensure that those who are within the Statutory Debt Repayment Plan scheme will receive debt advice. The full wording of …
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