M

Member

Speaking in the House of Lords on 9 September 2026

Debate

Financial Services and Markets Bill [HL]

Contribution

That is what this amendment seeks to do. It would require the Treasury to develop a proper digital asset strategy informed by regulators and, crucially, by industry. It specifically asks the Government to look at the practical conditions in which firms operate, including access to banking, payments and settlement. That matters, because a firm can be authorised and compliant but cannot access the financial infrastructure it needs. That authorisation is largely theoretical. Industry is telling us that this is a real barrier. We should listen.

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