Legal News
UK Legal News, Articles, Reports and Tweets from Leading City of London Law Firm, LEXLAW.
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LEXLAW Raises Concerns with the FCA on its Implementation and Oversight of the IRHP Review & Redress Scheme
Posted on: October 4, 2019
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In June 2019, the FCA appointed Mr John Swift QC as an independent reviewer for the lessons learned review commissioned by the FCA’s board. The review of the redress scheme for Interest Rate Hedging Products (IRHP) is expected to last [&hellContinue Reading →]
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Banking Dispute Resolution Scheme: complainants expected to include SMEs mis-sold EFGs by RBS & loans by Clydesdale
Posted on: August 6, 2019
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The Financial Conduct Authority (FCA) has said that business owners who were mis-sold tax-payer backed Enterprise Finance Guarantees (EFGs) by the Royal Bank of Scotland (RBS) may be eligible to submit a complaint for financial redress to the new Banking [&hellContinue Reading →]
Tags: banking dispute resolution service, bdrs, Clydesdale Bank, Financial Ombudsman Service, Financial Services Tribunal, RBS, Yorkshire Bank
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LIMITATION IN LITIGATION: KNOW YOUR LIMITS
Posted on: July 25, 2019
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What is a limitation date? A limitation period is the period of time within which a party to a contract or a party who has suffered damages as a result of another party’s conduct, must bring a claim. The Limitation [&hellContinue Reading →]
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Steps taken towards a Banking Dispute Resolution Scheme (BDRS) for SMEs but will it work?
Posted on: July 17, 2019
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In October 2018, the UK Finance-commissioned Walker Review of the redress landscape for SMEs was published. Amongst the recommendations for the settlement of both past and future disputes was the mooted introduction of a voluntary ombudsman scheme and dispute resolution [&hellContinue Reading →]
Tags: banking dispute resolution service, bdrs, implementation steering group, IRHP reviews
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FCA’s final report on GRG: Financial watchdog fails (again) to take enforcement action against RBS’s misconduct
Posted on: June 13, 2019
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The Financial Conduct Authority has today published its’ final report into the misconduct of the Royal Bank of Scotland‘s GRG unit. The report purports to explain the FCA’s reasoning behind its decision in July 2018 not to take action against [&hellContinue Reading →]
Tags: FCA Review, GRG, RBS
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