Jailed bankers appeal against interest rate ‘rigging’ convictions – BBC News

‘Two former bankers jailed for rigging interest rates are appealing against their convictions after an eight-year battle to clear their names.’

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BBC News, 14th March 2024

Source: www.bbc.co.uk

Case Comment: Target Group Ltd v Commissioners for His Majesty’s Revenue and Customs [2023] UKSC 35 – UKSC Blog

Posted March 14th, 2024 in banking, news, Supreme Court, VAT by sally

‘In this post, Mark Whiteside, Partner at CMS, and Johanna Dodgson, Associate at CMS, comment on the Supreme Court’s judgment in Target Group Ltd v Commissions for His Majesty’s Revenue and Customs [2023] UKSC 35.’

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UKSC Blog, 12th March 2024

Source: ukscblog.com

Lies, damned lies and fakery – UK Human Rights Blog

Posted March 11th, 2024 in arbitration, banking, foreign jurisdictions, fraud, human rights, judgments, news by tracey

‘Contax Partners inc BVI v Kuwait Finance House and others [2024] EWHC 436 (Comm). Legal news abounds these days with stories of fabricated decisions and authorities generated by ChatGPT and similar AI mechanisms. But there’s nothing like a bit of old-fashioned human plagiarism to tickle the palates, and the full force of a judge’s fury was unleashed on such an attempt recently in the High Court.’

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UK Human Rights Blog, 9th March 2024

Source: ukhumanrightsblog.com

Claimant “does not know” identity of funder backing her case – Legal Futures

‘The High Court has rejected an attempt to progress a challenge to a major international tax transparency measure where the claimant has refused to identify their litigation funder.’

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Legal Futures, 11th March 2024

Source: www.legalfutures.co.uk

Dozens of ‘major’ compliance breaches at Bank of England, NAO reports – The Guardian

Posted March 4th, 2024 in auditors, banking, news, ombudsmen by tracey

‘Dozens of “major” compliance breaches have been unearthed at the Bank of England, despite progress to fix shortcomings after misuse of the central bank’s audio feed by hedge funds four years ago.’

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The Guardian, 4th March 2024

Source: www.theguardian.com

Insider trading conviction highlights FCA market abuse crackdown – OUT-LAW.com

‘A recent criminal conviction secured by the Financial Conduct Authority (FCA) in a case of insider trading highlights the UK regulator’s intention to proactively crackdown on cases of market abuse – not just with criminal prosecutions but through the enforcement of regulation too, a former senior market regulator has said.’

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OUT-LAW.com, 23rd February 2024

Source: www.pinsentmasons.com

Regulatory references under SMCR: what you need to know – Kingsley Napley Employment Law Blog

Posted February 14th, 2024 in banking, chambers articles, employment, insurance, news by sally

‘First introduced for banks and insurers in March 2017, regulatory references are now a requirement for all firms regulated by the Financial Conduct Authority and Prudential Regulation Authority, under the senior manager and certification regime.’

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Kingsley Napley Employment Law Blog, 12th February 2024

Source: www.kingsleynapley.co.uk

HSBC fined £57.4m for customer deposit protection failings – BBC News

Posted January 30th, 2024 in banking, deposits, financial regulation, fines, news by tracey

‘HSBC has been fined £57.4m by the Bank of England for “serious failings” over its requirements to protect customer deposits.’

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BBC News, 30th January 2024

Source: www.bbc.co.uk

Jury clears climate protesters of causing damage to HSBC London HQ – The Guardian

Posted November 17th, 2023 in banking, climate change, criminal damage, environmental protection, news by tracey

‘Nine climate protesters have been cleared by a jury of causing £500,000 worth of criminal damage to the windows at the headquarters of HSBC bank in London.’

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The Guardian, 16th November 2023

Source: www.theguardian.com

Alerter by George Mallet & William Moody – Supreme Court Judgment on unfair relationships and PPI claims: Smith v RBS [2023] UKSC 34 – Henderson Chambers

‘The Supreme Court has given judgment in Smith and Burrell v Royal Bank of Scotland Plc [2023] UKSC 34, overturning the Court of Appeal and disagreeing with the bank’s limitation argument.’

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Henderson Chambers, 5th October 2023

Source: www.hendersonchambers.co.uk

GDPR subject access requests and Nigel Farage – Law Society’s Gazette

Posted November 1st, 2023 in banking, complaints, data protection, news by sally

‘Article 15 of the UK GDPR gives a data subject the right to receive all their personal data that is held by a data controller, subject to certain exemptions (subject access). This right does not only include official documentation but also emails, comments and any other recorded discussions, whether they are professionally expressed or not.’

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Law Society's Gazette, 31st October 2023

Source: www.lawgazette.co.uk

Ex-NatWest chief breached Nigel Farage’s privacy, watchdog rules – The Guardian

Posted October 26th, 2023 in banking, BBC, data protection, media, news, privacy by sally

‘The former NatWest chief executive breached data protection laws when she spoke to a BBC journalist about the planned closure of Nigel Farage’s bank accounts, the UK’s information watchdog has ruled.’

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The Guardian, 25th October 2023

Source: www.theguardian.com

UK government to introduce new rules to restrict ‘de-banking’ – OUT-LAW.com

‘The UK chancellor has announced new rules to restrict the practice of ‘de-banking’ amid reports that some banks may have closed customer accounts because of their political beliefs.’

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OUT-LAW.com, 25th October 2023

Source: www.pinsentmasons.com

High Court refuses Indian lawyer right to address court – Legal Futures

Posted October 23rd, 2023 in banking, India, legal representation, news by tracey

‘The High Court has refused an Indian lawyer permission to appear for an Indian company that had dismissed its English solicitors and barristers shortly before trial.’

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Legal Futures, 23rd October 2023

Source: www.legalfutures.co.uk

SRA fines law firm £45,000 for how it ran financial mis-selling claims – Legal Futures

Posted October 2nd, 2023 in banking, complaints, fines, law firms, news, Solicitors Regulation Authority by sally

‘The Solicitors Regulation Authority (SRA) has slapped a law firm with a £45,000 fine for multiple failures in its conduct of financial mis-selling claims.’

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Legal Futures, 2nd October 2023

Source: www.legalfutures.co.uk

Forfeiture ruling highlights underground banking threat – Law Society’s Gazette

Posted September 8th, 2023 in banking, China, forfeiture, money laundering, news by tracey

‘A money laundering case involving the sale of a £1.73million house has thrown a rare spotlight on the operations of the Chinese underground banking system.’

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Law Society’s Gazette, 7th September 2023

Source: www.lawgazette.co.uk

Ex-Nationwide teller in London jailed for part in £130,000 bank fraud – The Guardian

Posted September 4th, 2023 in banking, fraud, imprisonment, news, sentencing by tracey

‘A former teller at a London branch of Nationwide has been jailed for more than two years for his part in a £130,000 bank fraud.’

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The Guardian, 3rd September 2023

Source: www.theguardian.com

CA overturns ruling that £2.7bn class action should proceed as opt-in – Legal Futures

Posted July 31st, 2023 in appeals, banking, class actions, compensation, competition, news by tracey

‘The Court of Appeal last week overturned a decision that £2.7bn collective proceedings over a foreign exchange spot-trading cartel should be on an opt-in, rather than opt-out, basis.’

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Legal Futures, 31st July 2023

Source: www.legalfutures.co.uk

Law firm’s “implausible” €1.4m claim against bank thrown out – Legal Futures

Posted July 24th, 2023 in banking, fees, law firms, news by tracey

‘The High Court has granted a leading bank summary judgment on an “inherently implausible” €1.4bn (£1.2bn) claim for an introduction fee brought by a US law firm.’

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Legal Futures, 24th July 2023

Source: www.legalfutures.co.uk

Consent not needed to offer customers better savings rates, UK banks told – OUT-LAW.com

Posted July 21st, 2023 in banking, data protection, news by tracey

‘Financial institutions in the UK can lawfully send customers neutral information comparing the savings products they provide without needing the customers’ consent to do so, two regulators have confirmed.’

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OUT-LAW.com, 20th July 2023

Source: www.pinsentmasons.com