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    Philip Stafford

    Digital finance news editor

    Philip Stafford is the FT's digital finance news editor. He was previously the FT's correspondent for exchanges, trading and markets regulation. He has also covered stock markets, telecom and technology companies and breaking news. Before he joined the FT he worked at Bloomberg and FTMarketwatch. Prior to a career in journalism, he was a teacher in Japan.
    Email Philip Stafford @staffordphilip  on Twitter (link opens in a new browser window)

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    • Sunday, 14 May, 2023
      Clearing & Settlement
      EU under pressure to extend access to London clearing houses

      Bosses warn post-Brexit restrictions from mid-2025 could undermine financial stability

    • Monday, 8 May, 2023
      Markets
      Wall Street subdued as US regional bank rally loses steam

      Investors digest Federal Reserve survey that shows plan by sector to raise its lending standards

    • Friday, 14 April, 2023
      Cryptofinance
      Clearing, crypto and wooing big investors Premium content

      Plus, Ethereum’s software upgrade

    • Friday, 10 March, 2023
      FirstGroup PLC
      FirstGroup raises full-year profit expectations as travel recovers

      UK transport company says bus passenger numbers rose to 83% of 2020 levels

    • Thursday, 23 February, 2023
      Binance
      Regulators oppose Binance US’s $1bn deal for Voyager assets

      SEC warns that part of the rescue package may be in breach of securities law

    • Friday, 27 January, 2023
      Intercontinental Exchange
      ICE to set up London gas contract as ‘insurance’ against EU price cap

      Operator of Europe’s main gas trading hub warns that price curb could disrupt market

    • Wednesday, 25 January, 2023
      Music
      Music financing boom reverberates to markets

      Start-up is seeking to launch futures to let streaming companies and rights owners manage risks

    • Thursday, 29 December, 2022
      Equities
      US stocks rise as investors weigh China Covid surge

      Tesla, Apple and Netflix jump as investors seek out bargains

    • Thursday, 15 December, 2022
      Intercontinental Exchange
      ICE warns it may pull gas market from EU over Brussels price cap

      Exchange operator cautions the rapid imposition of a cap would allow no time to test risk management systems

    • Thursday, 8 December, 2022
      Financial & markets regulation
      Global regulator calls for ‘urgent action’ on clearing houses and insurers

      Financial Stability Board says plans should be drawn up to deal with failures of non-bank financial groups

    • Thursday, 1 December, 2022
      London Metal Exchange Ltd
      Surge in nickel prices threatened to blow $2.6bn hole in key LME entity

      Fullest accounting to date of incident in March shows clearing house was under severe strain

    • Wednesday, 30 November, 2022
      Europe Express
      Banks set to resist EU grab for a chunk of clearing business Premium content

      Brussels prepares most ambitious plans post-Brexit to lure derivatives trade away from London

    • Wednesday, 23 November, 2022
      EU financial regulation
      Brussels demands share of London derivatives clearing

      EU-based traders could be required to clear minimum amount of ‘systemic’ derivatives contracts inside bloc

    • Wednesday, 23 November, 2022
      EU energy
      EU gas price cap would deliver $33bn blow to market, says ICE

      Energy traders would be hit with additional margin payments, warns exchanges operator

    • Monday, 21 November, 2022
      EU energy
      Europe’s gas traders and exchanges warn of futures cap risks

      EU plans to set limit for the most widely used contract in an effort to calm markets

    • Wednesday, 16 November, 2022
      Cryptocurrencies
      Crypto broker Genesis Trading halts withdrawals at lending unit

      Group blames ‘unprecedented market turmoil’ in wake of FTX collapse

    • Friday, 11 November, 2022
      FTX Trading Ltd
      ‘Black box’: Sam Bankman-Fried’s trading firm posed big risks to FTX

      Alameda Research owed the vast crypto exchange billions of dollars before both went bankrupt

    • Monday, 10 October, 2022
      ExplainerBank of England
      What is the new Bank of England short-term lending facility?

      The central bank is looking to steady UK financial markets with a new ‘repo’ programme

    • Friday, 7 October, 2022
      Binance
      Binance blockchain suffers $570mn hack

      World’s largest crypto exchange targeted in security breach

    • Thursday, 29 September, 2022
      UK politics & policy
      Truss faces growing Tory pressure as Labour opens 33-point poll lead

      UK prime minister vows to stick to tax-cutting plans despite gilt sell-off resuming

    • Tuesday, 27 September, 2022
      EU energy
      ICE warms to carbon permits to ease Europe’s energy crisis

      Exchanges operator to accept allowances as collateral in its European futures market

    • Thursday, 22 September, 2022
      Energy crisis
      EU casts doubt on ability to intervene in energy derivatives markets

      Brussels concludes big swings in power prices are not due to ‘market malfunction’

    • Friday, 16 September, 2022
      Cryptofinance
      Coinbase turns up the heat on Washington Premium content

      Plus, Do Kwon arrest warrant issued and the Merge options

    • Tuesday, 6 September, 2022
      ExplainerEnergy crisis
      Why are Europe’s power producers running out of cash?

      Despite selling electricity at record prices, the industry is sliding into a liquidity crisis

    • Monday, 5 September, 2022
      Energy crisis
      Power producers call for collateral change to avert ‘Lehman’ moment

      European electricity generators seek urgent action amid ‘grave concern’ over liquidity strains

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