Kalifa Review of UK Fintech Debate

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Department: Cabinet Office
Tuesday 27th April 2021

(2 years, 11 months ago)

Lords Chamber
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Lord Agnew of Oulton Portrait Lord Agnew of Oulton (Con)
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I gave noble Lords a sense of the key findings in my opening answer, but there are several others that I can make my noble friend aware of: for example, a task force led by the Treasury and the Bank of England to co-ordinate exploration of a potential UK central bank digital currency, and a new Bank of England account type that will allow innovative financial market infrastructures to provide enhanced wholesale payments and settlements. There are also the DIT initiatives that I mentioned earlier.

Lord Fowler Portrait The Lord Speaker (Lord Fowler)
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My Lords, the time allowed for this Question has elapsed. We now come to the fourth Oral Question.