Topic
Supervisory action by the Bank of England, PRA and FCA over firms, FMIs and now designated critical service providers.
Bank of England swaps per-person holding limits on sterling stablecoins for a temporary £40 billion cap on each coin's issuance. Issuers now plan around how large their own coin may grow, under a central bank that says it will also hold part of every coin's reserves.
Reality
FCA board member Lea Paterson will review how the regulator handled Simon Andriesz, a whistleblower it wrongly told had no protection. MPs want an independent body to do the work, because the error concerned the basic question of who is covered.
Reality
The proposed secondary objective arrives with an explicit stability carve-out and an annual report to Parliament, which leaves June's reserve rule, not the statute, as the number that prices a sterling stablecoin business.
Perspective Coverage
4 publishersReality
Fifty-six per cent of 18- to 40-year-old investors trust AI tools more than TV, press or influencers, and a third expect compensation cover that does not exist. The shortfall lands on them.
Reality
The first critical third parties have been designated, putting technology, data and operations suppliers under direct UK supervision. Firm-level responsibility does not move an inch.
Reality