Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the importance of appointing a Digital Markets Champion with experience and understanding of digital assets and distributed ledger technologies, to help position the UK as a global hub for digital finance and innovation.

Last July the government published the Wholesale Financial Markets Digital Strategy. The strategy announced that the government will appoint an industry expert as Wholesale Digital Markets Champion, who will provide leadership from, and for, the sector on wholesale market digitalisation.

The government is working at pace to appoint a suitable candidate for the role, taking into account their backgrounds and previous experience, and will provide an update in due course.