Headlines 

Heres How London House Prices Are Being Battered

London’s housing market is being battered from all sides. A survey by the Royal Institution of Chartered Surveyors showed a price gauge at its lowest level for seven years, and far below the national average. Real-estate agents are more pessimistic about the market in the capital than any other region, with contributors flagging a potent mix of concerns, including Brexit uncertainty, the Bank of England’s interest-rate hike and the government’s budget later this month. There’s also evidence that the weakness in the capital is spreading — most U.K. regions showed…

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Headlines 

I Think We Got Away With It: Listen to HSBC Trader Phone Calls

Here’s the challenge for U.S. prosecutors: convince a jury former HSBC currency trader Mark Johnson is guilty of front-running a $3.5 billion client order. Their strongest evidence is HSBC’s audio recordings of the phone calls between Johnson, the bank’s former global head of foreign exchange, and traders in London and New York, which take the jury back to re-live events of six years ago. The jury, which on Thursday started weighing the fraud case against Johnson, listened to numerous calls, including one where he said, “I think we got away with…

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Odds and Ends 

Drone registration coming to the UK

The UK government has announced a plan to require drone owners to register their devices. It says the incoming rules are aimed at ensuring safer use of the technology. Under the planned regulations, owners of drones weighing more than 250 grams will, in future, be required to register their devices with the stated aim being to improve accountability and encourage owners to act responsibly. A similar plan in the US to require drone owners register their devices with the Federal Aviation Authority was struck down by an appeals court in…

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Odds and Ends 

UK surveillance law still fuzzy on decryption rules for comms providers

A little moredetail has emerged about howa key componentof theyesterdayby the digital rights organization Open Rights Group. Technical capability notices refer tothe statutory instrumentby which the U.K. government will be able to place obligations on ISPs and communications services providers to ensure government surveillancecapabilitiesset out in the legislation are able tofunction. The draft documentsets out requirements for communications services providers to maintain a capability to be in a position to hand over de-encrypted data in near real time when served a warrant by a government agency, and to have the…

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