“Lenders are to be banned from discriminating against ‘mortgage prisoners’ who are unable to get new loans because of negative equity.”
Daily Telegraph, 25th October 2012
Source: www.telegraph.co.uk
“The Bank of Scotland has been fined £4m by the City regulator after a series of blunders meant it paid more than £20m in compensation to the wrong customers.”
The Guardian, 19th October 2012
Source: www.guardian.co.uk
“Administering and contributing to the London Interbank Offered Rate (LIBOR) will become a regulated activity, while criminal sanctions will be introduced for ‘misleading statements’ in relation to the benchmark, the Government has confirmed.”
OUT-LAW.com, 18th October 2012
Source: www.out-law.com
“The Companies Act 2006 was a step, but we urgently need a commission on responsible capitalism.”
The Guardian, 2nd October 2012
Source: www.guardian.co.uk
“Type in ‘mis-sold mortgages’ on a Google search and you will discover literally hundreds of internet businesses vying for the opportunity to pursue a claim to the Financial Services Authority (FSA). If you thought PPI was big, you ain’t seen nothing yet; with millions already having been put aside to meet the thousands of potential claims that arise from possible mis-selling of mortgages during the boom years of 2004 to 2009.”
Hardwicke Chambers, 27th September 2012
Source: www.hardwicke.co.uk
“New rules abolishing the payment of commission on pensions and investments have not yet come into force, but financial advisers and product providers have already found ways to get around the ban, according to the Financial Services Authority (FSA).”
The Guardian, 1st October 2012
Source: www.guardian.co.uk
“Martin Wheatley’s 10-point plan includes stripping the BBA of its role and making Libor manipulation a criminal offence.”
The Guardian, 28th September 2012
Source: www.guardian.co.uk
“A government business lending specialist is to investigate a loan made by Barclays that turned sour and allowed the bank to collect nearly £70,000 in taxpayer guarantees.”
The Guardian, 20th September 2012
Source: www.guardian.co.uk
“A former HBOS executive has been fined £500,000 by the UK financial regulator over his role in the bank’s collapse.”
BBC News, 12th September 2012
Source: www.bbc.co.uk
“The UK’s financial watchdog will call for a clampdown later on commissions paid for selling insurance, loans and bank accounts.”
BBC News, 5th September 2012
Source: www.bbc.co.uk
“The Serious Fraud Office has launched an investigation into payments made after Barclays tapped Middle Eastern investors for emergency funds in 2008.”
The Guardian, 30th August 2012
Source: www.guardian.co.uk
“Higher fines for firms that fail to co-operate with regulators and potential criminal sanctions for benchmark manipulation have been suggested by the Treasury Select Committee in a report responding to alleged manipulation of market rates by major banks.”
OUT-LAW.com, 21st August 2012
Source: www.out-law.com
“Martin Wheatley, FSA boss, says Libor is ‘no longer fit for purpose’ and intends to make Libor manipulation a criminal offence.”
The Guardian, 10th August 2012
Source: www.guardian.co.uk
“Three ex-company directors accused of helping the owner of Barnsley football club make millions by concocting ‘fairytale’ financial results for software firm iSoft are facing a retrial after a jury failed to return a verdict on Wednesday.”
The Guardian, 8th August 2012
Source: www.guardian.co.uk
“Pay freezes, rising unemployment and inflation are to blame for rising levels of insider fraud, according to CIFAS, the UK fraud prevention service.”
Daily Telegraph, 2nd August 2012
Source: www.telegraph.co.uk
“The language of the high court judgment in effect quashing search warrants against Mayfair property tycoon brothers Robert and Vincent Tchenguiz was not as critical of the Serious Fraud Office as might have been expected.”
The Guardian, 31st July 2012
Source: www.guardian.co.uk
“The historian Niall Ferguson delivers a lecture, recorded at Gresham College in the heart of legal London, addressing the relationship between the nature of law and economic success. He examines the rule of law in comparative terms, asking how far the common law’s claims to superiority over other systems are credible. Are we living through a time of creeping legal degeneration in the English-speaking world?”
Lecture by Professor Niall Ferguson
Gresham College, 3rd July 2012
Source: www.gresham.ac.uk
“Six people have been convicted of insider dealing in a case brought by the Financial Services Authority.”
BBC News, 23rd July 2012
Source: www.bbc.co.uk
“Savers who lost money when the hamper firm Farepak collapsed are to receive compensation totalling £8m from Lloyds Banking Group.”
The Guardian, 6th July 2012
Source: www.guardian.co.uk
“Britain’s most senior law officer has appeared to undermine the government’s own argument that any inquiry into the current banking scandal needed to happen as quickly as possible.”
The Guardian, 5th July 2012
Source: www.guardian.co.uk
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