Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 19 June 2025 to Question 61158, whether she plans to publish the statutory instrument on open banking in the first quarter of 2026.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The National Payments Vision, published in November, set out the government’s ambitious plans for the next phase of Open Banking, building on the UK’s leadership in this area. This includes steps towards delivering seamless, Open Banking enabled, account-to-account payments.

The government intends to use powers in the ‘Data (Use and Access) Act’ to put in place a long-term regulatory framework for Open Banking and is working at pace to deliver this.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with his USA counterpart under the Transatlantic Taskforce for Markets of the Future on mutual recognition of UK and US cryptoasset firms, aligned disclosure standards, and ensuring that decentralised protocols are not regulated as financial infrastructure.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Transatlantic Taskforce for Markets of the Future was established by HM Treasury and the US Treasury on 22 September.

Its purpose is to bring the world’s leading financial centres together to develop concrete policy options and recommendations on further financial market innovation, with a particular focus on digital assets and capital markets. Innovation in these industries will be central to the government’s mission for economic growth.

Further details can be found here: Boosting collaboration between UK and US financial systems to drive innovation and growth in global markets - GOV.UK

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department plans to use the Transatlantic Taskforce for Markets of the Future to deepen engagement with United States’ regulators following the finalisation of the GENIUS Act, to support regulatory alignment on cross border stablecoins.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Transatlantic Taskforce for Markets of the Future was established by HM Treasury and the US Treasury on 22 September.

Its purpose is to bring the world’s leading financial centres together to develop concrete policy options and recommendations on further financial market innovation, with a particular focus on digital assets and capital markets. Innovation in these industries will be central to the government’s mission for economic growth.

Further details can be found here: Boosting collaboration between UK and US financial systems to drive innovation and growth in global markets - GOV.UK

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the Transatlantic Taskforce for Markets of the Future is being used to develop a joint UK-US approach to tokenisation, including cross-border access to tokenised securities and aligned rules for capital, disclosure and decentralised wallets.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Transatlantic Taskforce for Markets of the Future was established by HM Treasury and the US Treasury on 22 September.

Its purpose is to bring the world’s leading financial centres together to develop concrete policy options and recommendations on further financial market innovation, with a particular focus on digital assets and capital markets. Innovation in these industries will be central to the government’s mission for economic growth.

Further details can be found here: Boosting collaboration between UK and US financial systems to drive innovation and growth in global markets - GOV.UK

Found: Perteghella: Financial Support for small businesses and individuals during the covid-19 pandemic • Mark Garnier

Found: col 717. 31 Responding for the opposition, Shadow Economic Secretary to the Treasury Mark Garnier