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Lord Ranger of Northwood (Con)

Speaking in the House of Lords on 9 September 2026

Debate

Financial Services and Markets Bill [HL]

Contribution

My Lords, I support this group of amendments, particularly Amendment 88. I welcome and echo my noble friend’s comments about the challenges faced in financial services from the forces of technology and technological evolution, and I welcome the direction of travel from the Government, the FCA and the Bank of England. There has been real progress on crypto assets, stablecoins and tokenisation and I am particularly encouraged by the work of the Government’s Wholesale Digital Markets Champion, Chris Woolard—his published report and the work towards his forthcoming reports. I thank the Government, the Minister, the Economic Secretary and the champion for their engagement so far.

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