British Banking Sector - Question

Part of the debate – in the House of Lords at 3:06 pm on 21 March 2023.

Alert me about debates like this

Photo of Baroness Penn Baroness Penn The Parliamentary Secretary, HM Treasury 3:06, 21 March 2023

My Lords, one thing that UK regulators have sought to do is ensure that the fintech sector is well regulated while continuing to innovate. We have been able to use things such as regulatory sandboxes to allow safe spaces for that innovation to be tested out, and we will continue to take that approach.