Economic Secretary to the Treasury to give evidence to Lords stablecoin inquiry

At 10am on Wednesday 15 April the House of Lords Financial Services Regulation Committee will hear evidence from:

• Lucy Rigby KC MP, Economic Secretary to the Treasury.

At 11.00am, the committee will hear from:

• David Geale, Executive Director of Payments, Financial Conduct Authority (FCA)
• Matthew Long, Director of Payments, FCA.

All witnesses will be giving evidence to the committee's inquiry on the growth and proposed regulation of stablecoins in the UK.

This evidence session, which is open to the public, will be held in Committee Room 2 of the House of Lords and streamed live and on demand on Parliament TV.

Topics the committee is likely to cover in this session include:

• How the Government sees the development of a sterling stablecoin market contributing to the real economy and its growth agenda.
• Whether the Government is concerned about monetary sovereignty.
• How the Government views the relationship between stablecoins and the traditional banking system.
• Whether the UK is lagging behind other developed countries in introducing regulations for stablecoins.
• The regulatory perimeter between the Bank of England and the FCA.
• The FCA's regulatory proposals.