The Financial Conduct Authority has slashed potential capital requirements for issuing stablecoins in its landmark crypto-assets regime that was finalized Tuesday, the biggest expansion of its regulatory power in over a decade.
The Financial Conduct Authority has slashed potential capital requirements for issuing stablecoins in its landmark crypto-assets regime that was finalized Tuesday, the biggest expansion of its regulatory power in over a decade.
The U.K. finance regulator's £7.5 billion ($9.9 billion) redress schemes for motor finance customers will be partly suspended after the first hearing at a London tribunal Monday of a series of legal claims challenging them.
A property developer failed Monday to revive his case that an English council unlawfully subsidized a rival by approving £140 million ($185 million) in loans for the construction of two tower blocks without doing due diligence.
Collyer Bristow denies it cost a storage business £73.4 million ($97.3 million) by failing to explain that settling a swaps dispute with Barclays would block future claims against Clyde & Co. and others, telling a London court that its advice was sound.
Private investment company Bridgepoint Group PLC said Monday that it will buy Kayne Anderson, an alternative real estate investor, for $1.4 billion in a deal steered by Simpson Thacher and Kirkland.
