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805371
star this property registered interest false more like this
star this property date less than 2017-12-12more like thismore than 2017-12-12
star this property answering body
Department for Exiting the European Union more like this
star this property answering dept id 203 more like this
star this property answering dept short name Exiting the European Union more like this
star this property answering dept sort name Exiting the European Union more like this
star this property hansard heading Financial Services: Technology remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text to ask the Secretary of State for Exiting the European Union, with reference to his Department's publication Ministerial Meetings: January to March 2017, if he will publish the names of the attendees at the Fintech Roundtable attended by Robin Walker MP. more like this
star this property tabling member constituency Hemsworth more like this
star this property tabling member printed
Jon Trickett more like this
unstar this property uin 119043 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2017-12-21more like thismore than 2017-12-21
star this property answer text <p>Details of ministerial and senior official meetings are published in the Department’s Quarterly Transparency Returns, which are made publicly available on<a href="http://gov.uk/" target="_blank"> GOV.UK</a>.</p> more like this
star this property answering member constituency Wycombe more like this
star this property answering member printed Mr Steve Baker more like this
star this property grouped question UIN
118948 more like this
118951 more like this
118954 more like this
118958 more like this
118972 more like this
118986 more like this
118993 more like this
119051 more like this
119342 more like this
119349 more like this
119359 more like this
119369 more like this
119375 more like this
star this property question first answered
less than 2017-12-21T13:24:26.233Zmore like thismore than 2017-12-21T13:24:26.233Z
unstar this property answering member
4064
star this property label Biography information for Mr Steve Baker more like this
star this property tabling member
410
star this property label Biography information for Jon Trickett more like this
971557
star this property registered interest false more like this
star this property date less than 2018-09-11more like thismore than 2018-09-11
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services: Technology remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text What assessment he has made of the potential contribution of FinTech to the economy. more like this
star this property tabling member constituency East Renfrewshire more like this
star this property tabling member printed
Paul Masterton more like this
unstar this property uin 906802 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-09-11more like thismore than 2018-09-11
star this property answer text Fintech contributes more than £6bn to the economy annually, employing 60,000 people across 1,600 companies. more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-09-11T16:12:34.873Zmore like thismore than 2018-09-11T16:12:34.873Z
unstar this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
4625
star this property label Biography information for Paul Masterton more like this
805282
star this property registered interest false more like this
star this property date less than 2017-12-12more like thismore than 2017-12-12
star this property answering body
Department for Exiting the European Union more like this
star this property answering dept id 203 more like this
star this property answering dept short name Exiting the European Union more like this
star this property answering dept sort name Exiting the European Union more like this
star this property hansard heading Financial Services: Technology remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Exiting the European Union, with reference to the Government publication, Ministerial meetings January to March 2017, if he will publish the attendees at the Fintech roundtable attended by Lord Bridges of Headley. more like this
star this property tabling member constituency Hemsworth more like this
star this property tabling member printed
Jon Trickett more like this
unstar this property uin 118954 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2017-12-21more like thismore than 2017-12-21
star this property answer text <p>Details of ministerial and senior official meetings are published in the Department’s Quarterly Transparency Returns, which are made publicly available on<a href="http://gov.uk/" target="_blank"> GOV.UK</a>.</p> more like this
star this property answering member constituency Wycombe more like this
star this property answering member printed Mr Steve Baker more like this
star this property grouped question UIN
118948 more like this
118951 more like this
118958 more like this
118972 more like this
118986 more like this
118993 more like this
119043 more like this
119051 more like this
119342 more like this
119349 more like this
119359 more like this
119369 more like this
119375 more like this
star this property question first answered
less than 2017-12-21T13:24:25.907Zmore like thismore than 2017-12-21T13:24:25.907Z
unstar this property answering member
4064
star this property label Biography information for Mr Steve Baker more like this
star this property tabling member
410
star this property label Biography information for Jon Trickett more like this
1061161
star this property registered interest false more like this
star this property date less than 2019-02-14more like thismore than 2019-02-14
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Financial Services: Technology remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to encourage small businesses to invest in and utilise FinTech. more like this
star this property tabling member constituency Berwickshire, Roxburgh and Selkirk more like this
star this property tabling member printed
John Lamont more like this
unstar this property uin 221819 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-02-22more like thismore than 2019-02-22
star this property answer text <p>The UK has been independently ranked by EY and Deloitte as the world’s leading hub for Fintech. The ambitious Fintech Sector Strategy, launched in March 2018 by the Chancellor, sets out how the Government intends to maintain that position.</p><p> </p><p>This thriving Fintech community is an advantage for small UK businesses, who benefit from easy access to a range of services including foreign exchange, loans, equity investment and invoice finance. The British Business Bank’s annual Small Business Finance Markets report, published on 11 February, states that the value of peer-to-peer business lending rose a further 18% in 2018, having increased by 51% in 2017.</p><p> </p><p>The same report notes that awareness among small businesses is also increasing, with 52% aware of peer-to-peer lending as an option (2017: 47%) and 70% aware of equity crowdfunding (2017: 60%). The British Business Bank’s portal for small businesses, the Finance Hub, has extensive information for small businesses on finance options including those available through Fintech providers and how to access them.</p><p> </p>
star this property answering member constituency Kingswood more like this
star this property answering member printed Chris Skidmore more like this
star this property question first answered
less than 2019-02-22T13:05:28.27Zmore like thismore than 2019-02-22T13:05:28.27Z
unstar this property answering member
4021
star this property label Biography information for Chris Skidmore more like this
star this property tabling member
4608
star this property label Biography information for John Lamont more like this
968258
star this property registered interest false more like this
star this property date less than 2018-09-05more like thismore than 2018-09-05
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services: Technology remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what the Government’s policy is on financial support for UK Fintech companies in the event of the UK leaving the EU without a deal. more like this
star this property tabling member constituency Enfield North more like this
star this property tabling member printed
Joan Ryan more like this
unstar this property uin 170663 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-09-13more like thismore than 2018-09-13
star this property answer text <p>UK FinTech companies can have confidence that the government is committed to leaving the EU in a way that underpins prosperity and avoids unnecessary disruption and costly cliff edges for businesses. We and the UK regulators are taking the necessary steps to ensure that Financial Services firms are prepared for the unlikely event of the UK leaving the EU without a deal. While there are no plans to provide financial support for UK Fintech companies in this instance, they will continue to benefit from existing government programmes, including a 10-year action plan intended to unlock over £20 billion of investment to finance growth in innovative firms that was announced at Autumn Budget in 2017.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-09-13T09:30:13.313Zmore like thismore than 2018-09-13T09:30:13.313Z
unstar this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
166
star this property label Biography information for Joan Ryan more like this
1142217
star this property registered interest false more like this
star this property date less than 2019-07-25more like thismore than 2019-07-25
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services: Technology remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what steps his Department is taking to increase the level of support it provides to the FinTech sector in the UK. more like this
star this property tabling member constituency St Albans more like this
star this property tabling member printed
Mrs Anne Main more like this
unstar this property uin 282253 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-09-05more like thismore than 2019-09-05
star this property answer text <p>The UK has been independently ranked as the best place in the world to start and grow a Fintech firm, and the government is committed to maintaining the UK’s leading edge in the sector. That is why the government has delivered against all of the commitments made in the Fintech Sector Strategy, which was launched last year.</p><p> </p><p>The government announced at Mansion House 2019 that HM Treasury would launch a review into the payments landscape, which looks to ensure that regulation and infrastructure is able to keep pace with new payments models. The government also announced that it would explore building on the success of Open Banking by developing an agenda for ‘Open Finance’, looking at ways to safely and securely share data across a wider range of financial services products. This will further revolutionise the sector and increase the ability of Fintech firms to compete with traditional financial services firms.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-09-05T10:00:44.36Zmore like thismore than 2019-09-05T10:00:44.36Z
unstar this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
1568
star this property label Biography information for Mrs Anne Main more like this
391306
star this property registered interest false more like this
star this property date less than 2015-07-20more like thismore than 2015-07-20
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Financial Services: Technology remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what support his Department is providing to promote the growth of the FinTech industry. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
unstar this property uin 7976 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-09-07more like thismore than 2015-09-07
star this property answer text <p>The Government is committed to making the UK the leading global FinTech hub, and has announced a large number of policy initiatives, including more supportive regulatory regimes for peer-to-peer, digital currencies, and other innovative firms.</p><p> </p><p> </p><p> </p><p>The Government built on this record at the Summer Budget. First, Eileen Burbidge was appointed as the UK’s ‘Special Envoy for FinTech’, where she will represent UK interests in FinTech at home and around the world. Second, an international FinTech benchmarking exercise was announced to measure the UK’s performance and identify areas of best practice from around the world.</p><p> </p> more like this
star this property answering member constituency West Worcestershire more like this
star this property answering member printed Harriett Baldwin more like this
star this property question first answered
less than 2015-09-07T15:35:18.747Zmore like thismore than 2015-09-07T15:35:18.747Z
unstar this property answering member
4107
star this property label Biography information for Harriett Baldwin more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this
584203
star this property registered interest false more like this
star this property date less than 2016-09-15more like thismore than 2016-09-15
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Financial Services: Technology remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what support he is providing to Fintech after the vote to leave the EU. more like this
star this property tabling member constituency Welwyn Hatfield more like this
star this property tabling member printed
Grant Shapps more like this
unstar this property uin 46510 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2016-10-14more like thismore than 2016-10-14
star this property answer text <p>The UK is recognised as the world’s leading FinTech capital, with recent reports such as EY’s ‘UK FinTech: on the cutting edge’ and Deloitte’s ‘Connecting Global FinTech: Hub Review 2016’ placing the UK and London as the number one location for FinTech in the world.</p><p> </p><p>The government is determined to continue to help support UK FinTech firms as they innovate and grow, and wants to ensure that the UK remains the location of choice for FinTech firms. As such, we are continuing to implement a range of our previously announced policies which are designed to reduce barriers to entry for FinTechs, help industry accelerate the development of key FinTech initiatives and ease access to foreign markets. We are also assessing other initiatives which can further help support the growth of UK FinTech, in consultation with the industry.</p><p> </p><p>In July, we launched our second FinTech Bridge with the Republic of Korea – increasing the opportunities for trade and investment between our two nations on FinTech, and deepening regulatory and government collaboration.</p><p>Following the vote to leave the European Union, the government is engaging extensively with the sector. I will be meeting with the sector this month to discuss what they are looking for out of the European negotiations, and what more the government can do in the short and medium term to support the sector.</p>
star this property answering member constituency Brighton, Kemptown more like this
star this property answering member printed Simon Kirby more like this
star this property question first answered
less than 2016-10-14T09:41:18.797Zmore like thismore than 2016-10-14T09:41:18.797Z
unstar this property answering member
3929
star this property label Biography information for Simon Kirby more like this
star this property tabling member
1582
star this property label Biography information for Grant Shapps more like this
746826
star this property registered interest false more like this
star this property date less than 2017-06-29more like thismore than 2017-06-29
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Financial Services: Technology remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what steps the Government is taking to promote the use of blockchain technology in the financial sector; and what assessment the Government has made of the need for greater regulation of blockchain technology in that sector. more like this
star this property tabling member constituency Newcastle upon Tyne Central more like this
star this property tabling member printed
Chi Onwurah more like this
unstar this property uin 2190 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2017-07-07more like thismore than 2017-07-07
star this property answer text <p>The government’s ambition is for the UK to consolidate its world-leading position in FinTech and to become the leading global hub for financial innovation. We have taken, and will continue to take, key policy steps to achieve this.</p><p> </p><p> </p><p>Blockchain technology could offer significant benefits across the economy, including in Financial Services. Accordingly, the Industry is assessing the potential benefits of blockchain and whether regulation is a barrier to innovation.</p><p> </p><p> </p><p>The government’s most direct interface with the FinTech industry is the Financial Conduct Authority (FCA), through its world-leading Innovation Hub to help innovative businesses that are looking to introduce ground-breaking products or services to financial services, a model being replicated around the world.</p><p> </p><p> </p><p>On 10 April, the FCA launched a discussion paper to gauge industry’s views on the future development of blockchain – and potential barriers to this - which closes in 17 July 2017. In addition, the FCA is continuing to learn from blockchain use cases being tested in its Regulatory Sandbox.</p><p> </p><p> </p><p>The government looks forward to hearing the outcome of the FCA’s work, and will act to remove identified barriers to the adoption of blockchain, or address identified risks, subject to wider objectives including financial stability and consumer protection.</p><p> </p>
star this property answering member constituency North East Cambridgeshire more like this
star this property answering member printed Stephen Barclay more like this
star this property grouped question UIN 2272 more like this
star this property question first answered
less than 2017-07-07T10:39:04.71Zmore like thismore than 2017-07-07T10:39:04.71Z
unstar this property answering member
4095
star this property label Biography information for Stephen Barclay more like this
star this property tabling member
4124
star this property label Biography information for Chi Onwurah more like this
873643
star this property registered interest false more like this
star this property date less than 2018-03-28more like thismore than 2018-03-28
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services: Technology remove filter
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what steps the Government is taking to encourage financial technology firms to relocate to the UK. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
unstar this property uin 134757 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-04-18more like thismore than 2018-04-18
star this property answer text <p>The Government is committed to ensuring that the UK is the best place to start and grow a fintech business. The new Fintech Sector Strategy – launched by the Chancellor at the recent HM Treasury-organised International Fintech Conference – sets out the practical steps that have been, and will be, taken to support this commitment. For instance, the Strategy includes pilot schemes to help new fintech firms (and the financial services industry more widely) comply with regulations by building software which would automatically ensure they follow the rules, saving them time and money, and the creation of a set of industry standards which will enable fintech firms to more easily partner with existing banks.</p><p> </p><p>The Strategy is available at: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/692874/Fintech_Sector_Strategy_print.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/692874/Fintech_Sector_Strategy_print.pdf</a></p>
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2018-04-18T14:17:46.29Zmore like thismore than 2018-04-18T14:17:46.29Z
unstar this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this