FTX implosion shows urgent need for crypto rules, says Bank of England November 21, 2022 The implosion of FTX has underlined the need to rapidly bring crypto within the remit of financial watchdogs before it threatens the stability of the wider financial system, the deputy governor of the Bank of England has warned today.
Fasanara bags $200m fintech mandate from Canadian pension fund November 21, 2022 London-based asset manager Fasanara Capital has won a $200m mandate from one of Canada’s largest pension funds to channel cash into fintech firms around the world.
Arm delays IPO plans as recession shakes markets November 20, 2022 British chipmaker Arm has pushed back its plans for an initial public offering this year as markets are rocked by recessionary fears and soaring inflation.
Accelerate pension rules overhaul to spur investment, says Phoenix chief November 20, 2022 Ministers must accelerate reform to pension and insurance rules in order to unlock a wave of private investment from the City, the chief of Phoenix Group has said.
Collapsed crypto exchange FTX owes top 50 creditors $3.1bn November 20, 2022 Collapsed crypto exchange FTX has revealed it owes its 50 biggest creditors nearly $3.1bn, as it presses ahead with bankruptcy proceedings in the US.
Government slashes bank surcharge in boost for the City November 17, 2022 The government has slashed a surcharge on bank profits to three per cent today in a bid to keep the UK's finance industry internationally competitive.
Capital gains tax changes strike ‘heavy blow’ to investors November 17, 2022 The Chancellor has slashed the exemption amount for capital gains tax and cut the dividend allowance in half today in a move that will strike a “heavy blow” to the UK’s entrepreneurs and investors.
FTX’s new bankruptcy boss slams ‘complete failure of corporate controls’ November 17, 2022 The new chief of collapsed crypto exchange FTX has slammed a “complete failure of corporate controls” and “absence of trustworthy financial information” at the firm, in court filings published today.
Solvency II reform ‘welcome boost for UK investment’, say insurance giants November 17, 2022 The UK's insurance giants have hailed reforms to Solvency II as a "significant opportunity" to channel cash into the economy today, after the government announced it would legislate reforms to the rules.
Government announces Solvency II reform to unlock wave of investment November 17, 2022 The chancellor, Jeremy Hunt, said the government will legislate reforms to Solvency II rules today in a bid to unlock 'tens of billions of pounds' of investment from the UK’s insurance giants.
