“This is a key moment for the open banking regulatory regime,” says Tory MP at IFGS

Innovate Finance CEO Janine Hirt said Griffith, who is Economic Secretary to the UK Treasury, was responsible for “leading the modernization of the UK’s regulatory system, including a framework for cryptoassets and a proportionate pro-innovation approach to regulation”.

Citing the government and Bank of England-facilitated sale of Silicon Valley Bank