UK markets close in 4 hours 50 minutes
  • FTSE 100

    6,966.41
    +26.83 (+0.39%)
     
  • FTSE 250

    22,438.71
    +83.26 (+0.37%)
     
  • AIM

    1,247.13
    +3.22 (+0.26%)
     
  • GBP/EUR

    1.1518
    +0.0021 (+0.18%)
     
  • GBP/USD

    1.3780
    -0.0001 (-0.00%)
     
  • BTC-GBP

    45,447.34
    -861.05 (-1.86%)
     
  • CMC Crypto 200

    1,367.88
    -7.90 (-0.57%)
     
  • S&P 500

    4,124.66
    -16.93 (-0.41%)
     
  • DOW

    33,730.89
    +53.62 (+0.16%)
     
  • CRUDE OIL

    62.79
    -0.36 (-0.57%)
     
  • GOLD FUTURES

    1,747.70
    +11.40 (+0.66%)
     
  • NIKKEI 225

    29,642.69
    +21.70 (+0.07%)
     
  • HANG SENG

    28,793.14
    -107.69 (-0.37%)
     
  • DAX

    15,252.26
    +43.11 (+0.28%)
     
  • CAC 40

    6,224.17
    +15.59 (+0.25%)
     

UK supervisor FCA 'monitoring' Archegos capital situation

·1-min read

LONDON (Reuters) - Britain's financial regulator the FCA said on Monday it was monitoring the situation with Archegos Capital after reports the U.S. hedge had defaulted on margin calls.

"We and other supervisory authorities are aware of the situation, which we continue to monitor”, an FCA spokeswoman said.

Bank of England policymaker Alex Brazier told a Reuters Newsmaker event "we are monitoring that very closely and the supervisors of the relevant firms are closely engaged."

Nomura, Japan's largest investment bank, warned on Monday it faced a possible $2 billion loss due to transactions with a U.S. client while Credit Suisse said a default on margin calls by a U.S.-based fund could be "highly significant and material" to its first-quarter results.

(Reporting by Huw Jones, writing by Marc Jones, editing by Karin Strohecker)