In a speech to the Westminster Business Forum, FCA Chief Economist, Peter Andrews, looks at how regulators might improve conduct in banking and disputes the unflattering assessment of finance made by second US President, John Adams.
The new rules, which encourage clients to shop around when their insurance policy is due for renewal, have caused widespread alarm amongst the broker community, with many calling upon the FCA for the Private Medical Insurance (‘PMI’) industry
These firms are now being asked by the FCA to review all non-advised sales from July 2008 and, where appropriate, provide redress.
Although Rose J's judgment does not rule out undue influence and unconscionable bargain as a possible avenue for a client claim against a bank, it made clear that only in the most exceptional of circumstances could they succeed.
The Council of the European Union has published an opinion of the European Central Bank (ECB) on the proposed fifth Money Laundering Directive (MLD V). MLD V sets out additional measures to counter the financing of terrorism, to increase transparency of f