In November 2024, the FCA published its further consultation with its revised proposals to make early announcements of open enforcement investigations (“CP 24/2, Part 2”). BCLP was one of the many respondents to raise strong...more
As we have explored in our Class Actions series, the popularity of mass claims in the English courts continues to grow. Such claims represent a substantial threat to financial institutions but, at the same time, we are also...more
On 31 July 2023, following roundtable discussions held with banks earlier that month, the FCA published its Cash Savings Market Review (the “Review”).
In this insight we explore the content of the Review, as well as...more
8/4/2023
/ Consumer Financial Products ,
Consumer Protection Laws ,
Deposit Accounts ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Hedging ,
Interest Rates ,
Price Inflation ,
Ring-Fencing ,
Savings Accounts ,
UK
In recent years, claimants in a number of banking litigation cases have sought to establish implied fraudulent misrepresentations as to the defendant banks’ alleged involvement in manipulating LIBOR, in an attempt to seek to...more