Financial Services Bill Amendments: Distributed Ledger Technologies

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 […]

Financial Services Bill Amendments: Fintech Strategic Review Recommendations

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 […]

Financial Services Bill Amendments: Ethical AI

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 […]

Technology for Essential Services

Yesterday, I was delighted to take part in a short debate on the risks and opportunities involved in the deployment of large scale technology for our essential services. “Would my noble friend the Minister agree that there are huge advantages for citizen and state, local and national government, to be gained through the considered, ethical […]

21st Century Frictionless Trade – Lords debate UK EU Trade Agreement

“My Lords, there exists a need, there exists an opportunity, a pressing need, a potentially transformational opportunity. The need for a border fit for the 21st Century, the opportunity; a digitally enabled, free trade flowing, free trade growing border delivered by the best of our talent deploying the best of our technologies. Artificial Intelligence, Distributed […]