UK election 2024: What it means for fintech regulation

03 Jul 2024

We are days away from a general election and when the new government introduce their legislative agenda on 17th July, I hope it will include a new Smart Data Bill, Digital Assets Bill, National Payments Vision and, in case the government doesn’t introduce one, I will be bringing back my private members bill on regulating AI. Future of finance Num...

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What does the General Election mean for Data Protection, Digital Markets, and AI Regulation Bills?

10 Jun 2024

I started the year writing about three important new laws that were with us in the House of Lords: the Data Protection Bill, the Digital Markets Bill, and my own AI (Regulation) Bill. The Data Protection and Digital Information Bill covered many aspects of data protection law including enabling smart data/data sharing across government – key fo...

Open banking next step: A request for public input on how to structure the 'Future Entity'

08 May 2024

The Joint Regulatory Oversight Committee (JROC) consists of the Financial Conduct Authority (FCA), Payments Systems Regulator (PSR), HM Treasury (HMT) and the Competition and Markets Authority (CMA), and is tasked with realising the full potential of open banking. To this end, they have published recommendations for the next phase of open banking...

UK AI regulation: Second reading of the AI Bill

27 Mar 2024

Lord Christopher Holmes presented the following speech for the House of Lords on March 21, 2024. I believe if we are to secure the opportunities and control the challenges of artificial intelligence, it's time to legislate AI systems that are principles-based, outcomes-focused, input-transparent, and permissioned, that are paid for and understood. ...