FCA warns it will take action on mis-selling of ‘second charge’ mortgages
UK watchdog found examples of good practice but also ‘issues that raise concerns’
Economic news
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Oil surges back past $100 as Iran disrupts shipping in Gulf
Global stocks slide as Tehran escalates attacks on energy infrastructure
Hong Kong arrests hedge fund and brokerage staff in $300mn insider trading probe
Authorities allege brokers accepted bribes in exchange for information on share placements
Brussels dusts off 2022 playbook in bid to tackle yet another energy crisis
Also in this newsletter: UK and Ireland to update defence pact
Middle East energy shock revives interest in nuclear power
Surging prices from reliance on gas-fired generation is prompting reconsideration of prior opposition