Tag: Financial Services Authority

Financial Ombudsman increases award limit to £350,000

From 1 April 2019, the Financial Ombudsman Service (FOS) can make awards against regulated firms of up to £350,000, which represents an increase of 133%. The following award…

Post date 28 March 2019
Post author By Sophia Hanif
Post categories In Banking Dispute Resolution Service, Banking Law, BBRS, Borrower Protection, Derivatives, FCA, Financial Ombudsman Service, FOS, News, Uncategorized
Tags Banks, Barclays, BBRS, Business Banking Resolution Service, EFG Loan Mis-selling, Financial Advice, Financial Conduct Authority, Financial Ombudsman Service, Financial Services, Financial Services Authority, FOS, Lloyds, Mis-selling, RBS

LIBOR, FX and Key Benchmark Rigging Claims against RBS, Barclays, HSBC & Lloyds set to Strengthen for Customers Mis-sold Derivatives

The door has been opened by the Court of Appeal in PAG v RBS [2018] for misrepresentation claims to be brought by a counter-party to a derivative which…

Post date 9 March 2018
Post author By Jaron Dosanjh
Post categories In Banking Law, Barclays, Contract for Difference, Derivatives, FCA, Financial Mis-selling, Financial Services Litigation, Fixed Rate Loans, HSBC, LIBOR, LIBOR manipulation, Litigation, Lloyds, News, RBS, Uncategorized
Tags Banking Law, Banks, Barclays, Derivatives, FCA, Financial Conduct Authority, Financial Regulation, Financial Services, Financial Services Authority, FSA, Global Restructuring Group, GRG, Hedging, HSBC, Interest Rate Swaps, IRHP, LIBOR, LIBOR Litigation, LIBOR Manipulation, Litigation, Lloyds, Mis-selling, RBS, Swaps Mis-selling, Swaps Settlements

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Property Alliance Group v RBS [2018]: Court of Appeal Opens the Door for Implied Misrepresentation Claims against Banks Mis-selling LIBOR-linked Derivatives

The Court of Appeal (Sir Terence Etherton MR, Longmore LJ and Newey LJ) handed down judgment in the highly anticipated appeal from Asplin J’s decision in Property Alliance…

Post date 5 March 2018
Post author By Jaron Dosanjh
Post categories In Banking Law, Derivatives, FCA, Financial Mis-selling, Financial Services Litigation, Fixed Rate Loans, Global Restructuring Group, GRG Review, LIBOR, LIBOR manipulation, Litigation, Media, News, RBS
Tags Banking Law, Banks, Derivatives, FCA, Financial Conduct Authority, Financial Services Authority, FSA, Global Restructuring Group, GRG, GRG Review, Hedging, Interest Rate Swaps, IRHP, LIBOR, LIBOR Litigation, LIBOR Manipulation, Litigation, Mis-selling, RBS, Royal Bank of Scotland, Swaps Mis-selling

The Lawyer: ‘Charity gains ground in RBS and NatWest mis-selling claim’

The Lawyer reports: Not-for-profit organisation Wenta has gained ground in its case against DLA Piper clients NatWest and the Royal Bank of Scotland for which it is now…

Post date 25 July 2017
Post author By LEXLAW Lawyers
Post categories In Banking Law, Borrower Protection, Derivatives, Financial Services Litigation, Fixed Rate Loans, IRHP Reviews, Litigation, News
Tags Banking Law, Banks, Derivatives, Disclosure, FCA, Financial Conduct Authority, Financial Regulation, Financial Services, Financial Services Authority, Fraud, Hedging, Interest Rate Swaps, IRHP, LIBOR, Litigation, Mis-selling, NatWest, RBS, slide, Swaps Mis-selling

High Court Litigation – Metro Bank Plc

Our team of bank litigators can assist on litigation claims or high value Financial Ombudsman Service complaints against Metro Bank Plc. We have brought very high value claims against…

Post date 20 March 2017
Post author By LEXLAW Lawyers
Post categories In Banking Law, Borrower Protection, Enterprise Finance Guarantee, Financial Services Litigation, Fixed Rate Loans, Insolvency, Litigation, Property Litigation, Winding-up Petitions
Tags Banking Law, Banks, Business Support Unit, EFG, EFG Mis-selling, FCA, Financial Conduct Authority, Financial Ombudsman Service, Financial Regulation, Financial Services, Financial Services Authority, FSA, Litigation, Metro Bank Plc

Court of Appeal to consider permission to appeal in PAG v RBS

Property Alliance Group Ltd (“PAG”) has recently filed leave to appeal to the Court of Appeal against a decision of Mrs Justice Asplin in the High Court in…

Post date 25 February 2017
Post author By LEXLAW Lawyers
Post categories In Banking Law, Borrower Protection, Derivatives, Financial Services Litigation, GRG Review, IRHP Reviews, Litigation, News
Tags Banking Law, Barclays, Derivatives, FCA, Financial Conduct Authority, Financial Regulation, Financial Services, Financial Services Authority, FSA, Global Restructuring Group, GRG, GRG Review, HSBC, Interest Rate Swaps, IRHP, IRHPs, LIBOR, LIBOR Litigation, LIBOR Manipulation, Litigation, Mis-selling, NatWest, RBS, Swaps Mis-selling, Swaps Settlements, WestRegister

Petition: Establish a Financial Services Tribunal to resolve customer disputes.

Major banks and other financial services institutions are often in dispute with customers who deserve protection. Access to court is costly. The FOS ombudsman scheme is inadequate. The…

Post date 19 December 2016
Post author By M Ali Akram
Post categories In Banking Law, Borrower Protection, Derivatives, Enterprise Finance Guarantee, Financial Services Litigation, Fixed Rate Loans, IRHP Reviews, Litigation, News, Professional Negligence, Westregister, White Collar Crime
Tags Banking Law, Banks, Barclays, Clydesdale Bank, Derivatives, FCA, Financial Conduct Authority, Financial Regulation, Financial Services, Financial Services Authority, Financial Services Tribunal, Fraud, FSA, FST, Global Restructuring Group, GRG, GRG Review, Hedging, HSBC, Interest Rate Swaps, IRHP, IRHPs, LIBOR Litigation, LIBOR Manipulation, Limitation Act, Litigation, Lloyds, Media, Mis-selling, Petition, RBS, Swaps Mis-selling, Swaps Settlements, WestRegister, Yorkshire Bank

GRG WestRegister took 80% Equity in Bowlplex – Cost Owners £50m; while RBS Profited £9m

RBS has been accused of deliberately destroying small businesses In the past five years, LexLaw has issued more High Court litigation over bank misconduct than all other law…

Post date 4 December 2016
Post author By LEXLAW Lawyers
Post categories In Banking Law, Borrower Protection, Derivatives, Enterprise Finance Guarantee, Financial Services Litigation, Fixed Rate Loans, IRHP Reviews, Litigation, News, Westregister
Tags Banking Law, Banks, Barclays, Clydesdale Bank, Derivatives, FCA, Financial Conduct Authority, Financial Ombudsman Service, Financial Regulation, Financial Services, Financial Services Authority, FSA, Global Restructuring Group, GRG, GRG Review, Hedging, HSBC, Interest Rate Swaps, IRHP, IRHPs, LIBOR, LIBOR Litigation, LIBOR Manipulation, Limitation Act, Litigation, Lloyds, Media, Mis-selling, NatWest, RBS, slide, Swaps Mis-selling, Swaps Settlements, WestRegister, Yorkshire Bank

Court of Appeal grant permission to appeal based on LIBOR and Negligent IRHP Review arguments

The Court of Appeal, the highest court within the Senior Courts of England and Wales, has granted permission to appeal to the Claimant in WW Property Investments Ltd…

Post date 29 November 2016
Post author By LEXLAW Lawyers
Post categories In Banking Law, Borrower Protection, Financial Services Litigation, IRHP Reviews, Litigation
Tags Banking Law, Banks, Barclays, Clydesdale Bank, Consequential Loss, Derivatives, FCA, FCA Review, FCA Swaps Review, Financial Conduct Authority, Financial Ombudsman Service, Financial Regulation, Financial Services, Financial Services Authority, Fraud, FSA, Hedging, Interest Rate Swaps, IRHP, IRHPR, IRHPs, LIBOR, LIBOR Litigation, LIBOR Manipulation, Litigation, Lloyds, Mis-selling, NatWest, Negligence, RBS, Swaps Mis-selling, Yorkshire Bank

Flaws in RBS ‘New Complaints Process’ and ‘Complex Fee Refund’ – RBS GRG West Register compensation scheme examined

Royal Bank of Scotland Plc (RBS) have announced a New Complaints Process and Complex Fee Refunds for SME customers who were in their GRG division between 2008 to…

Post date 11 November 2016
Post author By LEXLAW Lawyers
Post categories In Banking Law, Borrower Protection, Financial Services Litigation, GRG Review, Litigation, Uncategorized, Westregister
Tags Banking Law, Banks, FCA, Financial Conduct Authority, Financial Ombudsman Service, Financial Regulation, Financial Services, Financial Services Authority, FSA, Global Restructuring Group, GRG, GRG Review, Limitation Act, Litigation, NatWest, RBS, WestRegister

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