‘Financial Technology: Opportunities and Challenges to Law and Regulation, East China University of Political Science and Law, Shanghai, China.’
Supreme Court, 26th October 2018
Source: www.supremecourt.uk
‘The name of someone receiving a payment will be as important as their banking details for the first time from next summer, in an attempt to combat fraud.’
BBC News, 18th October 2018
Source: www.bbc.co.uk
‘Kweku Adoboli, the former UBS banker jailed for the UK’s biggest ever fraud, will on Monday file for a judicial review of the decision to deport him to Ghana, in a last-ditch attempt to stop his “banishment” from the UK, where he has lived since he was 12.’
The Guardian, 16th September 2018
Source: www.theguardian.com
‘The Financial Ombudsman Service (FOS) will be looking for “clear evidence” that banks have properly investigated claims by customers for compensation in cases of suspected authorised push payment (APP) fraud.’
OUT-LAW.com, 30th August 2018
Source: www.out-law.com
‘Rules requiring banks to publically disclose how often they have had to report major operational and security incidents have taken effect in the UK.’
OUT-LAW.com, 22nd August 2018
Source: www.out-law.com
‘UK banks will be given some flexibility when deciding how best to ensure that they can continue to serve customers in the EU after Brexit, the Financial Conduct Authority (FCA) has said.’
OUT-LAW.com, 13th August 2018
Source: www.out-law.com
‘HSBC’s former head of currency trading has won a last-ditch battle to block his extradition to the US, where he faces 11 charges of foreign exchange rigging which each carry a maximum 30-year prison sentence.’
The Guardian, 31st July 2018
Source: www.theguardian.com
‘Banks can learn a lesson from a new ruling issued by the UK Supreme Court on practices to adopt when providing credit references, according to a banking and finance litigation expert.’
OUT-LAW.com, 27th July 2018
Source: www.out-law.com
‘Banks could be forced to pay savers a minimum interest rate after City regulators found that longstanding customers in instant access accounts are paid derisory rates because of their apathy about switching providers.’
The Guardian, 25th July 2018
Source: www.theguardian.com
‘A bank requires its would-be recruits and some of its existing employees to undergo a medical. It sends them to the home of one particular, self-employed doctor. There, they undergo a medical examination, unaccompanied by anyone from the bank. The doctor completes the bank’s proforma examination form, headed with its logo and entitled “Barclays Confidential Medical Report”. The form is detailed. It includes sections on chest “Inspiration” and “Expiration”, “Abdomen (including Genito-Urinary System)”. It contains a section for “Female applicants only”, asking whether they have suffered from menstrual or pregnancy disorders. The doctor – Gordon Bates – subsequently dies. A large group of women sue the bank alleging that it is liable for sexual assaults carried out by the doctor during the examinations. The question for the Court of Appeal in Barclays Bank plc v Various Claimants [2018] EWCA Civ 1670 was whether the bank could be vicariously liable.’
UK Human Rights Blog, 24th July 218
Source: ukhumanrightsblog.com
‘Dana Feinsohn, trainee solicitor in the litigation and arbitration team at CMS, comments on the decision handed down by the UK Supreme Court in the matter of Goldman Sachs International v Novo Banco S.A. [2018] UKSC 34.’
Supreme Court Blog, 17th July 2018
Source: ukscblog.com
‘Two former traders have been jailed for more than 13 years for trying to rig a key financial benchmark at the height of the financial crisis.’
Daily Telegraph, 19th July 2018
Source: www.telegraph.co.uk
‘Claims brought against Novo Banco, the bank set up by the Portuguese central bank following the collapse of Banco Espirito Santo (BES) in 2014, must be heard in Portugal, the UK’s highest court has confirmed.’
OUT-LAW.com, 5th July 2018
Source: www.out-law.com
‘The Court of Appeal (CoA) has dismissed an appeal in which the Republic of Kazakhstan (RoK) and its national bank argued that their custodian bank, Bank of New York Mellon (BNYM), had acted in breach of contract by freezing their assets in accordance with foreign court orders.’
OUT-LAW.com, 26th June 2018
Source: www.out-law.com
‘A judge’s sharp criticism of the Financial Conduct Authority for its failure to go after top bankers has put a cat right into the middle of the City regulator’s pigeons.’
The Independent, 21st June 2018
Source: www.independent.co.uk
‘A computer failure at TSB that caused up to 1.9 million people to lose access to online banking services is being investigated by the financial regulator.’
BBC news, 6th June 2018
Source: www.bbc.co.uk
‘Some TSB customers receiving letters acknowledging a complaint over the recent IT meltdown have also been sent other customers’ details.’
BBC News, June 2018
Source: www.bbc.co.uk
‘The number of serious tax evasion cases identified by HM Revenue and Customs (HMRC) increased by over one fifth last year, as HMRC has begun to receive more information about taxpayers with offshore bank accounts.’
OUT-LAW.com, 30th May 2018
Source: www.out-law.com
‘A solvency statement was found to be invalid, a reduction in capital and distribution unlawful and three directors in breach of their duties after a corporate reorganisation left a company unable to meet its liabilities, the High Court has ruled.’
OUT-LAW.com, 22nd May 2018
Source: www.out-law.com
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