The Treasury has moved a step closer to making the underlying investments in mini-bonds a fully regulated activity to protect consumers after the £237m collapse of mini-bond provider London Capital & Financial (LCF).

The search is on for the next chair of the FCA after the regulator confirmed that current chair Charles Randell will hand over to interim chair Richard Lloyd from 1 June.

The government plans to legislate to protect consumers from misleading crypto asset adverts.

Former Labour Treasury Minister Lord Paul Myners has died aged 73.