The UK House of Lords Financial Services Regulation Committee warned that the country is trailing the U.S. and the EU on stablecoin regulation, calling on the Bank of England to reconsider holding limits, unremunerated backing asset requirements, and commercial bank restrictions.The Lords committee also urged the FCA to review its k-factor capital requirement, which scales with stablecoin issuance volume rather than risk — a design the committee said could choke GBP stablecoin growth.