Scottish independence: pound could drop 10% in value

Scottish independence is expected to knock up to 10% off the value of sterling, taking it back to levels last seen when Britain was in recession.

Fed's Powell says alternative to Libor needed as soon as practical

(Reuters) - The U.S. Federal Reserve will accelerate its search for a substitute to the Libor benchmark interest rate to stave off what would be "a horrible mess" if the current system collapses with no alternative, Fed Governor Jerome Powell said on Thursday.

SEC chair: Risk panel needs more capital markets expertise

WASHINGTON (Reuters) - The U.S. regulatory risk council should make sure it has enough securities market expertise before deciding whether to designate large financial firms as systemic, Securities and Exchange Commission Chair Mary Jo White said on Thursday.

British Insurance Stocks Fall on Regulator’s Plans for Review

LONDON – Shares of British insurers slumped Friday after the Financial Conduct Authority confirmed it planned to conduct a review later this year on whether long-standing customers were being treated fairly by their insurers.